From Bear to Bull: Can Shibarium’s $1 Billion Transactions Milestone Revive SHIB’s Sinking Price?

Shiba Inu (SHIB) had a different aspect when defined by shrinking prices amid great growth by Shibarium. This brings monthly losses to 13 percent and weekly losses up to 18 percent. However, its Ethereum-based layer-2 network, Shibarium, has just surpassed 1 billion total transactions within the timeline of under two years to reach this milestone. Most incredible is that it has done so without requiring Bitcoin’s 15-year timeline. Given the current picture of a 20% spike in SHIB’s trading volume after the milestone, analysts debate SHIB price prediction models against ecosystem developments as Shibarium’s TVL rises by 24%, bringing it to $2.5 million now.

Shiba Inu’s Price Falls– Shibarium Hits $1 Billion Transactions

Shiba Inu (SHIB) experienced a 4.8% price decline as it reached $0.0000122 during the last 24 hours. Consequently, in this bearish market phase, losses were as high as 18% within the week and 13% over the past month. Even though the market is now bearish, there was a major milestone for the Shiba Inu ecosystem: the layer-2 blockchain it recently committed to, Shibarium, recorded over 1 million total transactions since being launched in August 2023. 

Currently, Shibarium averages over 4 million daily transactions and has more than 194 million wallet addresses supporting it while having a 5-second average block time. Such has already made people believe that SHIB has a decent price recovery potential regardless of the short-term slump. There are other developments, including a 24% increase in Total Value Locked by Shibarium to $2.5 million in March, with platforms like ShibaSwap showing a 37% jump in TVLs. In other words, all of these occurrences boil down to a lot of talk about SHIB price predictions, which SHIB News highlights by showing how analysts believe these improvements could push SHIB closer to its last peaks of $0.00008 as it keeps growing on Shibarium..

SHIB Price Prediction: Volatility and Key Levels to Watch

From April 1 onward, it turned out to be a day of mixed fortunes for SHIB. Early morning action saw SHIB consolidating before hitting resistance at $0.00001294. Initially, there was renewed bearish pressure, which led to the RSI going to the oversold zone, and later on, a breakout was confirmed by the golden cross of MACD and SHIB upward. By afternoon around 15:00 UTC, SHIB was denied upward movement by some severe selling, with the RSI moving up to the overbought territory, where a death cross was formed-potentially hinting at a reversal.

Chart 1, analysed by anushrivarshney2613, published on TradingView, April 2, 2025

Moving into April 2nd, SHIB continued to go down. As of 11:28 UTC on April 2, SHIB is trading around $0.00001236, still finding it difficult to break the resistance around $0.00001313, while the support level has been established around $0.00001212. Traders are advised to keep their eyes on these levels on any SHIB news for market confirmation of trade setups before any move.

Shiba Inu’s Crossroads– What’s Next for SHIB?

Market volatility and ecosystem developments remain entwined and continue to affect the future of Shiba Inu (SHIB). Over the last week, SHIB value has been down 18% to a current price of $0.0000122. This coincides with Shibarium’s attainment of 1 billion transactions and a 24% increase in total value locked (TVL) to $2.5 million, signaling good technical progress. Analysts suspect there could be a bounceback, and projection horizons for the SHIB price could range from conservative views. Investors will also need to keep an eye on Shibarium metrics that have increasingly seen value locked in DeFi platforms like ShibaSwap being processed daily through the 4M daily transaction volume with 194M addresses. This will become the hotspot for SHIB News for the upcoming months or even years.