finbold.com
Shiba Inu (SHIB) is once again making waves in the crypto market, buoyed by a surge in on-chain activity and renewed interest from large holders.
As of June 5, SHIB is trading at $0.00001293, marking a modest daily uptick of 0.22%. While that price level may seem uneventful at first glance, beneath the surface, several signals are aligning to suggest that a larger move may be brewing.
To explore the near-term trajectory, Finbold consulted OpenAI’s ChatGPT to forecast Shiba Inu’s price for the end of June. The AI model delivered a target of $0.00001510, with a projected confidence range between $0.00001435 and $0.00001585.
Notably, the prediction is grounded in technical patterns, historical behavior, and recent blockchain activity. Most notably, SHIB recently saw a massive transfer of 2.87 trillion tokens, worth approximately $36.6 million, moved from an unknown wallet to Coinbase Institutional on June 5.
That said, the bullish case is not without conditions. A failure to breach the $0.00001380 threshold by mid-June would weaken the technical setup, and any decisive move below $0.00001250 could invalidate the forecast entirely, opening the door to a retest of the $0.00001130 region. Traders will be watching those levels closely in the days ahead.
Shiba Inu broader market dynamics
Another factor contributing to the forecast is the lack of immediate downside catalysts. There is no sign of a broad market panic, no negative regulatory developments targeting SHIB specifically, and macro conditions remain relatively stable in the crypto space.
Meanwhile, behind the scenes, the Shiba Inu ecosystem continues to quietly evolve, with updates to the Shibarium L2 chain, steady token burns, and ongoing development of the native DEX and other utilities. These initiatives may not dominate headlines, but they help establish SHIB as more than just a meme coin.
For now, this meme coin is behaving more like a momentum asset, and the next few weeks could determine whether that narrative holds.
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