Shiba Inu has begun to rebound following an unexpected crash in the crypto market on Thursday. As SHIB shows signs of recovery, investors are feeling optimistic, buoyed further by predictions from a machine learning algorithm forecasting significant upside for the meme coin in the coming week.

The machine learning algorithm at CoinCodex has defied prevailing bearish sentiment by predicting a notable increase in Shiba Inu's price. This prediction, one of the most optimistic in current market conditions, suggests SHIB could rise by over 30% from its current level.

Taking various indicators into consideration, the algorithm highlights that investor sentiment towards SHIB remains strong, scoring 74 on the Fear & Greed Index, indicating a willingness among investors to inject capital into the market.

The algorithm forecasts that SHIB could reach 0.00002819 within the next five days, compared to its current price of $0.00002188, representing a potential increase of 30.25%. Looking ahead to a longer timeframe of one month, the algorithm predicts a more substantial rally, potentially pushing SHIB close to its previous all-time high with a projected increase of 228.44% to $0.00007110.

Despite the bearish sentiment prevailing in the market, which typically signals caution, the current accumulation trend suggests that investors are actively acquiring SHIB in anticipation of future price gains. On-chain data from Santiment indicates a decrease in SHIB balances on exchanges over the past month, suggesting a preference among investors to hold and accumulate rather than sell.

If the machine learning algorithm's predictions hold true, the current period could represent a favorable entry point for investors, potentially setting the stage for SHIB to reach new highs later in the year during a projected bull run.