Shiba Inu Price Prediction: SHIB Plunges 9% As This New AI Meme Coin Rockets Past $700K

Shiba Inu Price Dives 9%, Faces Downturn

The Shiba Inu price has plummeted 9% in the past 24 hours, trading at $0.0000228 as of 7:25 a.m. EST, amidst a 5% surge in trading volume to $685 million.

Shiba Inu Price Faces Reversal

Shiba Inu's price had been trading within a bullish pennant pattern after a significant surge from a prolonged consolidation phase. This pattern suggested a potential continuation of the bullish trend. However, the bears have seized control at the upper trendline of the pennant, exerting downward pressure towards the lower trendline.

SHIBUSDT Analysis (Source: Tradingview.com)

The price is currently below the 50 simple moving average (SMA), with the bulls struggling to stay above the 200 SMA to maintain momentum. Simultaneously, the relative strength index (RSI) indicates a reversal from the midline level 50, trending downwards towards the oversold level of 30. If the price rebounds, the RSI could reverse upwards, reaching overbought territory and signaling intense buying pressure.

Shiba Inu Bears Target Support Level on Lower Pennant Trendline

The bears continue to drive the price lower to recoup their losses. However, this downtrend may be transient, as the bullish pennant pattern could empower the bulls to establish strong resistance at the lower trendline, bouncing back to the upper trendline as they aim for a new record high of $0.00004825.

If the downward pressure persists, the price could dip below the lower boundary of the pennant at $0.00001409.

WienerAI Surges Past $700K

As SHIB traders contemplate their next moves, they may also consider the WienerAI (WAI) token, which has raised over $714k in its presale. This unique project combines a meme coin with artificial intelligence (AI), two popular niches in crypto.

Tail-Wagging Success

WienerAI Raises Over $500,000 in Funding! 🌭🚀 pic.twitter.com/7aB1wXg5PZ

— WienerAI (@WienerDogAI) April 29, 2024

WienerAI's AI department offers what it claims to be the most advanced and beginner-friendly crypto trading bot. The bot features predictive technology, a user-friendly interface, and extensive functionality.

The goal is to provide crypto traders with a competitive edge by offering them insightful analysis and recommendations.

“Ask the bot a question related to your crypto investment needs, and WienerAI will use its predictive technology to scour the markets in search of a winner,” its website states. “Once a winner is found matching your queries, WienerAI delivers unbiased analysis and reasoning.”

Stake $WAI For 1,252% Annual Returns

WAI token holders can stake their holdings for substantial rewards, with an annual return of 1,252% currently. Over 826 million WAI tokens have already been staked.

Don't keep your dog on a leash.

LET IT FLY 🚀 pic.twitter.com/ofLP1CxPxT

— WienerAI (@WienerDogAI) April 28, 2024

The team has allocated 20% of its total token supply of 69 billion tokens for staking purposes.

99Bitcoins, a popular YouTube channel with over 700,000 subscribers, suggests that WienerAI could experience a significant surge upon its launch.

$WAI tokens are priced at $0.000702. Interested investors should buy now as the price will increase in less than 17 hours.

Purchase WAI tokens on the official website here using ETH, USDT, or a bank card.

Related Articles

• Best Meme Coins to Invest in: Top Picks for Exponential Gains!
• Is It Too Late To Buy Pepe? PEPE Price Pumps 5%, And This Solana GambleFi Token Might Be The Best Crypto To Invest In 2024
• Bitcoin Price Prediction: MicroStrategy Loses $53.1 Million In Q1 But Still Buys BTC As Experts Say This Learn-To-Earn Crypto Might 10X