It seems that the cryptocurrency-meme of Shiba Inu (Shib) restores market attractiveness due to the resuming of interest from large holders, the growth of onchain-indicators and the wave of short-term optimism, supported by technical indicators.
Currently, Shib is trading at $ 0.00001382, increasing by 15.78% over the past seven days and 6.28% over the past 24 hours. Memcoin market capitalization increased to $ 8.14 billion compared to $ 7.03 billion months earlier.
According to the price of the ChatGPT artificial intelligence, which takes into account five key technical indicators, it is expected that by July 31 the Shib price will reach $ 0.00001450, which involves an increase of 4.84% of current values.
The forecast is made taking into account the convergence of sliding medium (MACD), relative force index (RSI), stochastic oscillator, tilt of MACD and a 50-day simple sliding medium (SMA).
In general, the prospects of Shiba Inu in the second half of July look carefully optimistic.
The forecast of the artificial intelligence model of $ 0.00001450 reflects the moderate growth potential corresponding to the current pulse. However, the proximity of the RSI to the levels of overwhelming and smoothing a simple sliding medium indicate that the bulls may require further support for volumes and a favorable market conditions to maintain a rally.
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Source: Cryptocurrency
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