Shiba Inu Price Prediction: SHIB Plunges 9% As This New AI Meme Coin Crosses $700,000.

adminMay 2, 2024

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Shiba Inu prices have plummeted 9% in the last 24 hours. Traded for $0.0000228 As of 7:25 a.m. EST, trading volume had surged 5% to $685 million.

Shiba Inu faces falling prices

Shiba Inu price is trading within a bullish pennant pattern after surging significantly beyond a long consolidation phase. This pattern suggests a continuation of the bullish trend in Shiba Inu prices.

Bears took control of the price at the upper pennant trendline, putting downward pressure towards the lower trendline.

Shiba Inu Price

SHIBUSDT analysis. Source: Tradingview.com

The price is trading below the 50 simple moving average (SMA) as the bulls attempt to stay above the 200 SMA to maintain general momentum.

At the same time, the Relative Strength Index (RSI) indicates a downward trend reversal from the midline of 50 to the oversold level of 30. However, if the price rebounds, the RSI could reverse to the upside and reach overbought territory, indicating strong buying pressure.

Shiba Inu price holds the target support level at the lower pennant trendline.

Bears continue to drive prices lower to recoup their losses. However, this downtrend may be short-lived as the presence of a bullish pennant could give the bulls the strength to break back and reach the uptrend line, targeting a new record of $0.00004825.

If downward pressure remains strong, the price may fall below the $0.00001409 pennant floor.

WienerAI exceeds $700,000

Meanwhile, SHIB traders may also consider the following while taking their next steps: Winner AI (WAI) The token raised over $714,000 in pre-sale.

This unique project combines two of the most popular niches in cryptocurrency: artificial intelligence (AI) and meme coins.

tail wagging success
Wiener AI has raised over $500,000 in funding! 🌭🚀 pic.twitter.com/7aB1wXg5PZ
— WienerAI (@WienerDogAI) April 29, 2024

In the AI department, WienerAI offers the most advanced and beginner-friendly cryptocurrency trading bot ever. The bot has predictive technology, a simple and comprehensive interface, and practical functionality.

The goal is to help cryptocurrency traders stay ahead of the game by giving them a competitive advantage over other traders.

“Ask the bot questions related to your cryptocurrency investment needs and WienerAI will use predictive technology to scour the market to find winners,” the website says. “Once a winner matching your query is found, WienerAI provides unbiased analysis and inference.”

Stake $WAI for 1,252% annual returns

WAI token holders can also hold their stake for lucrative rewards, with a current annualized return of 1,252%. Over 826 million WAI tokens are already staked.