Leading on-chain metrics and price prediction firm CoinCodex has published a bullish forecast for Shiba Inu (SHIB) in April 2025. According to their machine learning algorithm, the popular meme coin could experience a notable price surge in the coming days. The prediction has surfaced despite its recent downward trend.
The prediction comes at a time when SHIB is struggling with consistent price declines. Shiba Inu price has fallen 4.6% in the past 24 hours and 14.7% over the past week. Current on-chain data from IntoTheBlock shows predominantly bearish signals, with four bearish indicators, zero neutral, and zero bullish indicators.
CoinCodex Shows Bullish Shiba Inu Price Targets
CoinCodex’s machine learning algorithm has generated specific price targets for Shiba Inu in early April 2025. According to their forecast table, SHIB could reach $0.00002069 by April 4, a potential return on investment of 69.71% from its current price.
The prediction gradually decreases over the following days, with targets of $0.00002045 (67.73% ROI) for April 5, $0.00001898 (55.62% ROI) for April 6, and $0.00001771 (45.24% ROI) for April 7. By April 8, the algorithm suggests a slight uptick to $0.00001772. This prediction would still mean a 45.32% increase from current prices.
Source: CoinCodex
These price predictions contrast sharply with SHIB’s current market performance. SHIB has been steadily negative across all timeframes. If these targets materialize, they would mean the first sustained positive movement for SHIB in months.
Similar to CoinCodex, CoinGape’s SHIB price prediction highlights a 51% bullish outlook for the next three months.
SHIB On-Chain Metrics Present Bearish Signals
Current on-chain data from IntoTheBlock shows a bearish picture for Shiba Inu. The platform’s signal summary indicates “Mostly Bearish” conditions with four bearish indicators, zero neutral, and zero bullish signals.
Looking at specific metrics, Net Network Growth is bearish at 0.19%, while the “In the Money” indicator shows a concerning -5.81%. This suggests that most recent transactions are occurring at a loss. Concentration indicators and large transaction metrics also register as bearish at -0.14% and 0.34% respectively.
The token summary shows 62% of holders are currently out of profit, with only 35% in profit and 3% at breakeven. SHIB continues to be heavily concentrated, with 74% held by large holders. The token also maintains a relatively high correlation with Bitcoin at 0.76. This means that it follows broader market trends.
Notably, 77% of SHIB holders have held their tokens for more than a year. As per the data, only 2% of the investors have been holding for less than a month.
Analysis Points To Potential 14X Growth
Some technical analysts are taking an extremely bullish stance on the SHIB price despite current market conditions. Crypto analyst ELITES shared a chart suggesting Shiba Inu could potentially achieve a “14X” return from current levels, stating: “Why Not a 14X for SHIB? We’re sitting in a strong buy zone, and a big move is coming soon!”
Why Not a 14 X for SHIB?
We’re sitting in a strong buy zone, and a big move is coming soon!
Are you ready?
Tg : https://t.co/ngqIcEBSPx#SHIB $SHIB #Shiba $Shiba pic.twitter.com/vS752n9bpR
— @CryptoELlTES (@CryptooELITES) April 3, 2025
The technical chart identifies several key SHIB price targets, including $0.00008171 (labeled as “1.0”) and $0.00018312 (labeled as “1.272”). These targets would represent massive gains from SHIB’s current trading price.
The chart shows SHIB/USDT forming what appears to be a long-term bottoming pattern. The analyst has also identified the current level as a potential “Bottom” formation. This technical setup suggests the possibility of a major trend reversal if the pattern plays out as expected.
Nonetheless, there is no guarantee that SHIB could rise in April 2025. This is because the price prediction is subject to changes, and SHIB is crashing daily. The markets are highly volatile, and macroeconomic factors could pull its price down.
The post Machine Learning Reveals How High Shiba Inu Price Will Rally In April, Here’s The Target appeared first on CoinGape.
