The Shiba Inu price has seen a rollercoaster few months characterized by crashes after seeing a moderate rally. This time around, the meme coin’s price has begun to move upward once again, and this could sustain if the market continues to rise alongside Bitcoin. Keeping up with this trend, the machine learning algorithm at the CoinCodex website has predicted that the Shiba Inu price will continue to rally. What’s more, the price could be hitting a new yearly peak soon.
Shiba Inu Rally To Push Price By 160%
The predictions on the website have shown a rather bullish roadmap for the Shiba Inu price going forward. This ranges from the very short term to mid-ter,m with each one expected to see an increase in price from here. The first of these is the 5-day prediction that already suggests that the Shiba Inu price is on the right path.
The machine learning algorithm puts the Shiba Inu price at $0.00001441 in 5 days, which is a 6.6% increase from the current price. Next on the list is the one-month prediction that would enter into the month of September from here. The machine learning algorithm suggests that the price would only be slightly up, with a 6.15% increase to $0.00001434.
However, looking at the longer timeframe, moving into the month of September, the Shiba Inu price is expected to more than double from here. Most of this move is forecasted to happen in the month of September, triggering a rally to $0.00003549.
Reaching this level would mean a 160% increase in price, with the algorithm predicting that this would happen toward the end of the month of September, with a September 22 date set as the peak. From here, though, the price is expected to reverse and decline after peaking at $0.00003549, and then dropping back to $0.00001955 by October 2025.
SHIB’s September Movements Could Align
Shiba Inu has seen varying performances in the month of September since its creation. So far, there have been a total of two months over the years closing in the green and two months closing in the red. This has brought its average return to +4.15%, according to the CryptoRank website.
Given this, where the Shiba Inu price could be headed in the next month could very much be dependent on the general market sentiment. If the current bullish trend continues, then it could bleed into September, and if the machine learning algorithm is correct, then it would see the third quarter of the year completed in the green for SHIB.
Featured image from Dall.E, chart from TradingView.com
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