Shibarium, the layer-2 scaling solution of the Shiba Inu ecosystem, has seen a mild uptick in its transaction activities in a 24-hour period. While uncertainty lingers, this uptick lends credence to how a turnaround in network activities can set SHIB on a rebound path.
Shibarium network outlook
According to data from Shibarium scan, transactions on the protocol jumped from 656 on March 9 to 1,360 as of March 10. This uptick accounts for a growth rate of 148%, one of the steepest recorded thus far this month.
Since the inception of Shibarium, the protocol’s transaction activities have served as a yardstick to gauge adoption and the potential inflow of retail investors' capital.
This latest uptick comes as Shiba Inu is maintaining price consolidation that has kept analysts watching out for a potential breakout.
As of writing time, the token was changing hands for $0.00005819, up by 0.31% in the past 24 hours. This comes as the broader digital currency ecosystem is witnessing a reset, as the Bitcoin price is testing the $70,000 resistance.
Based on its correlation, Shiba Inu appears to be leveraging its Google search trend hype and the fact that users are becoming more active on-chain.
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Expectations for SHIB price
With how important network usage is, the Shiba Inu price relies more on combined crypto market momentum.
Based on the current outlook, Shiba Inu has lost more than 93% of its price since hitting an all-time high (ATH) of $0.00008845 in October 2025. This extended drawdown proves SHIB has room for bigger rallies in the coming weeks.
Shiba Inu Price Chart | Source: TradingView/CoinMarketCap
The meme coin’s technical indicators also affirm its readiness for a breakout as the weekly RSI of 35 shows a relatively oversold conditions. The Bollinger Bands also suggest the price is forming a bottom.
These indicators complement the strong SHIB open interest and whale activities on the futures market.
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