The cryptocurrency market has left the 4th Bitcoin halving event behind. After this important development, investors are wondering what course the market will follow. We looked at artificial intelligence’s May predictions for XRP, SOL and SHIB Coin, which are on the radar of Turkish crypto investors.
Artificial intelligence predicts SHIB Coin price for May 1
cryptokoin.comAs you follow from , meme coins experienced a boom in March as their popularity increased. However, following this, cryptocurrencies experienced a significant price decline over the past week. In particular, Shiba Inu (SHIB Coin) followed a downward trend. Thus, it started trading below previously solid support levels. With a decrease of approximately 5.4% last week, the SHIB Coin price dropped to around $0.000023.
Currently, SHIB Coin is trading around the $0.000023 support level. According to analysts, the token must overcome the $0.00003 resistance to continue its rise. In this environment, we took a look at the predictions of PricePredictions’ machine learning algorithms. While the AI suggests a neutral trend in the short term, the long-term forecast is bearish. In this context, AI predicts a potential decline of 4.35% for the token by the end of the month.
Artificial intelligence predicts XRP Coin price for May 1
The legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs continues. As a result of the regulatory pressure created by this legal battle, XRP has been unable to benefit from the recent market rally. Hence, it has failed to achieve meaningful growth despite numerous breakout attempts. Currently, XRP is trading at $0.52.
Meanwhile, the cryptocurrency faces key support and resistance levels. Therefore, the current XRP trading situation represents a critical point. The nearest support level stands at $0.438. Moreover, it is followed by a more optimistic resistance level at $0.550. AI expects XRP to trend downward in the long term. Accordingly, he predicts that it will drop to $0.432 by May 1. This represents a drop of approximately 18% from its current price.
Artificial intelligence predicts SOL Coin price for May 1
Solana (SOL) showed a similar trend to the market during the recent market volatility. After a significant decline, it experienced a rapid recovery. At press time, Solana was trading at $142. Therefore, Solana is currently changing hands between the $123.41 support level and the $157.96 resistance level. AI predicts a short-term bullish trend for SOL. However, it offers a bearish outlook in the long term. Accordingly, the AI predicts that SOL will drop to almost $132.08 on May 1. This means a decrease of approximately 8% from its current level.
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