** SHIB Price Resilience: Shiba Inu Defies AI Predictions Despite 16% Drop Forecast
The post ** SHIB Price Resilience: Shiba Inu Defies AI Predictions Despite 16% Drop Forecast appeared on BitcoinEthereumNews.com. Terrill Dicki Aug 17, 2025 09:22 ** SHIB trades with 1.07% daily gains as technical indicators show bullish momentum despite Google AI predicting significant decline by month-end. ** Quick Take • SHIB currently trading with 1.07% gains in the past 24 hours • Shiba Inu’s RSI at 50.39 indicates neutral momentum with room for upward movement • Token burn event drives 5% price surge while AI predictions create bearish sentiment What’s Driving Shiba Inu Price Today? Recent market dynamics for Shiba Inu present a fascinating contradiction between algorithmic predictions and actual price performance. The most significant development came on August 13 when Google’s Gemini AI issued a bearish forecast, predicting a 16.388% decline in SHIB price by August 31, 2025. The AI cited weak technical indicators and reduced token burn activity as primary concerns for the meme coin’s near-term prospects. However, SHIB price action has directly contradicted this prediction, posting a 2.98% gain on the same day the forecast was released. This resilience demonstrates the complex nature of cryptocurrency markets, where fundamental tokenomics and community sentiment often override purely technical analysis. Adding fuel to the bullish narrative, a significant token burn event on August 10 resulted in a 5% price increase for Shiba Inu. These burn mechanisms reduce the circulating supply, creating scarcity that theoretically supports higher valuations. The immediate price response to this burn event highlights how supply-side economics continue to influence SHIB price movements. Market overview data from August 15 shows SHIB fluctuating between support at $0.00001280 and resistance at $0.00001301, with the token closing near 24-hour highs. This price action suggests accumulation at lower levels and potential for breakout attempts. SHIB Technical Analysis: Mixed Signals Emerge Shiba Inu technical analysis reveals a nuanced picture that explains both the AI’s…
The post ** SHIB Price Resilience: Shiba Inu Defies AI Predictions Despite 16% Drop Forecast appeared on BitcoinEthereumNews.com.
Terrill Dicki Aug 17, 2025 09:22 ** SHIB trades with 1.07% daily gains as technical indicators show bullish momentum despite Google AI predicting significant decline by month-end. ** Quick Take • SHIB currently trading with 1.07% gains in the past 24 hours • Shiba Inu’s RSI at 50.39 indicates neutral momentum with room for upward movement • Token burn event drives 5% price surge while AI predictions create bearish sentiment What’s Driving Shiba Inu Price Today? Recent market dynamics for Shiba Inu present a fascinating contradiction between algorithmic predictions and actual price performance. The most significant development came on August 13 when Google’s Gemini AI issued a bearish forecast, predicting a 16.388% decline in SHIB price by August 31, 2025. The AI cited weak technical indicators and reduced token burn activity as primary concerns for the meme coin’s near-term prospects. However, SHIB price action has directly contradicted this prediction, posting a 2.98% gain on the same day the forecast was released. This resilience demonstrates the complex nature of cryptocurrency markets, where fundamental tokenomics and community sentiment often override purely technical analysis. Adding fuel to the bullish narrative, a significant token burn event on August 10 resulted in a 5% price increase for Shiba Inu. These burn mechanisms reduce the circulating supply, creating scarcity that theoretically supports higher valuations. The immediate price response to this burn event highlights how supply-side economics continue to influence SHIB price movements. Market overview data from August 15 shows SHIB fluctuating between support at $0.00001280 and resistance at $0.00001301, with the token closing near 24-hour highs. This price action suggests accumulation at lower levels and potential for breakout attempts. SHIB Technical Analysis: Mixed Signals Emerge Shiba Inu technical analysis reveals a nuanced picture that explains both the AI’s…
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