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March has been a challenging month for Bitcoin , altcoins, and the entire cryptocurrency market . Solana, one of the most promising altcoins, has not been spared. The SOL token suffered a significant decline, dropping by 6.8% overall in March, with a particularly sharp fall of over 7% on the 28th. This downturn brought Solana’s price below $130, raising concerns among investors. --> Click here to Trade Solana on Bitget <-- SOL/USD 1-day chart - TradingView The declining trading volume throughout the month signals a weakening momentum . This sudden drop has dashed many optimistic forecasts, particularly for those who expected Solana to break out to new highs. Many traders now wonder whether this downturn is just a temporary correction or the start of a deeper retracement. Crypto analysts remain divided on Solana’s trajectory. Some believe the market is experiencing a "mini bear market" within a broader bullish cycle. Bitcoin’s dominance and overall market weakness have contributed to Solana’s struggles. Investors are becoming more cautious, waiting for stronger confirmation before re-entering the market. Despite the decline, Solana still holds strong technical support levels. Many traders are watching to see whether these supports will hold, or if further downside movement will lead to a new wave of selling pressure. The coming weeks will be crucial in determining whether SOL can recover or if lower levels, such as $120 or even $100, will come into play. --> Click here to Trade Solana on Bitget <-- While March was disappointing for Solana, April might tell a different story. A key bullish indicator is the significant rise in open interest, which has now exceeded $5 billion. This surge suggests that traders are still actively speculating on SOL’s price movements, potentially setting the stage for a major breakout. Technical analysts are identifying key resistance levels between $145 and $180. If SOL can break through this range, a push toward $235 could be possible. Additionally, the slow but steady recovery in trading volumes could support a bullish reversal. Many altcoins, including Solana, could benefit if Bitcoin stabilizes and allows for capital rotation into alternative assets. Some experts predict that Solana could see an increase of up to 102% by July, potentially reaching a price of $263. While this forecast is optimistic, it’s important to consider market conditions. Key factors that could influence this bullish scenario include: Solana remains one of the most promising blockchain projects, with a fast-growing ecosystem and strong fundamentals. Despite recent price struggles, long-term investors are keeping an eye on the token’s potential rebound. If SOL manages to break above key resistance levels, we could see a strong recovery in the coming months. However, traders should remain cautious, as volatility remains high in the crypto market. Monitoring price action, trading volumes, and macroeconomic developments will be essential for making informed investment decisions.

The Shiba Inu ecosystem is about to cross a historic milestone. The Shibarium blockchain, a layer 2 solution dedicated to this crypto universe, is now nearing a billion transactions. As these lines are written, the counter shows over 992 million transactions, with a daily pace exceeding 3.8 million. Just a few more days, and Shibarium will enter the history books. Launched to alleviate congestion on Ethereum, Shibarium showcases impressive numbers: over 10 million blocks produced and 191 million unique addresses recorded. Within just a few months, this network has demonstrated an adoption capacity rarely seen in the crypto world. With a steady pace of 3.8 million transactions per day, Shiba Inu is poised to cross the symbolic threshold of a billion interactions on Shibarium in less than 48 hours. This performance confirms the explosive growth of this crypto ecosystem and its establishment in Web3. This surge is explained by an explosion in daily registrations on the blockchain: +4000% in active users, according to the latest official data. Shibarium is on track to become one of the most dynamic crypto networks in the decentralized sphere. Developers are already working on the next evolution of Shibarium: the creation of a layer 3 roll-up hub. The goal? To allow external developers to create their own customized blockchains while using the BONE token as fuel for transactions. An advancement that could redefine Shiba Inu’s role in the Web3 infrastructure. On the market side, the SHIB token, a pillar of the ecosystem, remains strongly correlated to the activity on Shibarium. Despite the usual volatility for a memecoin, the crypto community continues to massively support the project. If the billion transactions act as a media catalyst, it could also strengthen the long-term adoption of SHIB. Often relegated to the status of a joke by traditional investors, Shiba Inu proves here that it can play in the big leagues. A few months ago, Shibarium was losing 96% of its transactions . And today, the network is close to the symbolic milestone of a billion transactions. This demonstrates the vitality of a project that, despite criticisms and obstacles, moves forward with determination in the crypto universe.

Shiba Inu (SHIB) is currently on analysts’ radar with a forecast of a potential rally despite the current market outlook. In a recent post, a top crypto analyst, World of Charts, suggested that SHIB could see its price grow 2x, reaching $0.0000340 in the coming days. Notably, the prediction is based on growing market interest in Shiba Inu. On-chain data shows strong technical signals pointing to a potential breakout. Per the update, investors are closely watching to see if the memecoin can see the valuation boost as forecasted. World of Charts pointed to a bullish price structure in SHIB’s chart. The chart shows that the memecoin is on the verge of a potential breakout. It is worth mentioning that since December, Shiba Inu has been trading within a descending channel, a pattern often seen before a significant price movement. In his X post, World of Charts stated that if SHIB breaks above the upper resistance level, it could surge to $0.0000340, a 136% increase from its current price. This could make it one of the most significant rallies in recent months. Similarly, the analysis is based on past trends, where similar price patterns have led to breakouts for the token. The analyst believes that once SHIB breaks through resistance, a strong upward move could follow. Traders are closely watching, as a breakout could trigger more buying activity as traders may choose to join the rally. Crypto analyst CryptoBull_360 shares a similar view but argues that SHIB has already broken out. He suggested that if the token maintains a daily close above the 50-day exponential moving average (EMA), it could trigger an initial rally to $0.000025 before any further gains. This would still align with the overall bullish sentiment surrounding SHIB’s price movement. Market data shows that in the last 24 hours, Shiba Inu’s trading volume has also decreased. This metric is down 18% to $197.37 million. However, many experts are confident that the cryptocurrency will see a notable price increase if all factors align. As mentioned in our previous news brief, new statistics released by IntoTheBlock show that a higher percentage of SHIB investors have maintained their holdings for more than one year compared to BTC and ETH. This further endorses the memecoin’s unexpected resilience amid sustained market volatility. In a previous article, we covered that Telegaon remains bullish in its SHIB price projection. According to the platform, Shiba Inu will be valued at $0.0000728 at its peak this year 2025, an increase of 464% from its current value. The token was changing hands for $0.00001286, down 4% in 24 hours. The optimism for a longer-term rally is high. This is because, after a sharp decline in February, when SHIB dropped to $0.00001160, the token has rebounded despite its current sideways movement. Investor confidence is strengthening as retail traders and large holders, known as whales, continue accumulating SHIB. This accumulation trend is often seen as a positive sign, suggesting a long-term bet in the token. Consequently, the next few days will be very crucial for Shiba Inu. If the analysts’ predictions play out, it might trigger a ripple effect for other memecoins in the market.

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