As the Bitcoin price shows an impressive post-retest reversal rally, rising from $65,000, the bullish week gains momentum. Amidst this reversal, the Shiba Inu meme coin shows a high momentum reversal phase.
With a massive jump of 40% last month and 133% this month, the bull run is picking up pace in Shiba Inu. Further, with the multiple SHIB price predictions forecasting a jump beyond $0.001, the overall market sentiment supports the massive jump possibility in the meme coin.
The Monthly Chart Reflects Bullish Revival
This month, the SHIB price increased sharply to the peak at $0.00004567% before taking a quick setback. The downfall limits the monthly return to 133%, with the current market price at $0.00002940.
As per the Shiba Inu price action, the bullish revival comes with a rounding bottom reversal aiming to surpass the previous all-time high. Hence, the breakout of the 50% Fib level at $0.00003679, with a strong closing above it, will signal an entry opportunity.
However, the Fibonacci retracement levels predict the bull run to achieve the psychological mark of $0.00010 mark. Therefore, for a longer and more optimistic price target, we asked the latest ChatGPT 4.0 to predict the Shiba Inu price trend.
ChatGPT Believes $0.10 Conceivable For Shiba Inu in 2025
We shared the monthly chart of Shiba Inu price trends with ChatGPT for an assessment in the coming years. Before starting the assessment, the AI took multiple considerations, such as Bitcoin Halving, broader market trends, and more. So, here’s what the AI model predicted for the meme coin and the optimistic target of 10 cents.
Considering the Fibonacci levels as the next price targets, GPT predicts the bull run to reach $0.0010427 in 2024. Beyond this, the GPT assumes the target of 10 cents for Shiba Inu as a conceivable milestone in 2025.
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