With the third month of 2023 already underway, the cryptocurrency market has slowed down the gains from the year’s beginning, and Shiba Inu (SHIB) is no exception, leading crypto traders and investors to observe indicators of its future movements, including those provided by machine learning platforms.
As it happens, the machine learning algorithms over at the cryptocurrency tracking platform PricePredictions have projected that the price of Shiba Inu would reach $0.000011 by March 31, 2023, according to the latest data accessed by Finbold on March 2.
Shiba Inu 30-day forecast. Source: PricePredictions
Indeed, the algorithms relying on technical indicators like the moving averages (MA), moving average convergence divergence (MACD), Bollinger Bands (BB), average true range (ATR), relative strength index (RSI), and others, suggest a decrease of 8.03% from SHIB’s current price.
At the same time, the sentiment on the 1-day gauges at the finance and crypto tracking website TradingView is generally bearish for Shiba Inu and suggests ‘sell’ at 12, as summarized from the moving averages pointing to ‘sell’ at 10 and oscillators suggesting ‘sell’ at 2.