Markets
Shiba Inu (SHIB) Ends 11-Month Downtrend Following Japan's Exchange Approval
Shiba Inu (SHIB) has marked a significant shift in its market trajectory by closing above its 20-week moving average for the first time since September 2025, effectively ending an 11-month downtrend. This notable change coincides with the recent approval of Laser Digital Japan, a subsidiary of Nomura Holdings, by Japan's Financial Services Agency (FSA) to operate as a crypto asset exchange service provider.
Laser Digital Japan's registration, which was granted on August 21, 2026, is the first new exchange license issued by the FSA in four years. SHIB is now one of only six tokens supported by the exchange, joining established cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), and Litecoin (LTC), making it the only meme coin on this exclusive list.
This approval follows SHIB's inclusion in the Japan Virtual and Crypto Assets Exchange Association's (JVCEA) Green List in November 2025, which streamlined its approval process for further listings on domestic platforms. The recent developments have led to increased trading activity, with SHIB's market capitalization stabilizing around $3.11 billion.
On the technical side, SHIB's price has shown signs of recovery. After reaching a low of approximately $0.00000405 in June, it has since established a higher low, indicating a potential upward trend. However, the price is currently retesting support levels, with critical thresholds identified at $0.00000531 and $0.00000499.
Despite the positive momentum, there are concerns regarding SHIB's burn rate and transaction activity on the Shibarium network, which remains relatively low. Additionally, there are expectations for announcements from key team members by the end of August, which could further influence SHIB's market performance.
FAQ
What recent event contributed to Shiba Inu (SHIB) ending its 11-month downtrend?
Shiba Inu (SHIB) ended its 11-month downtrend after closing above its 20-week moving average for the first time since September 2025, coinciding with the approval of Laser Digital Japan by Japan's Financial Services Agency (FSA) to operate as a crypto asset exchange.
What is Laser Digital Japan and why is its approval significant?
Laser Digital Japan is a subsidiary of Nomura Holdings that has been approved by Japan's FSA to operate as a crypto asset exchange service provider. Its approval is significant as it is the first new exchange license issued by the FSA in four years, allowing SHIB to be listed alongside major cryptocurrencies.
How has SHIB's market capitalization changed recently?
SHIB's market capitalization has stabilized around $3.11 billion following increased trading activity due to its recent exchange approval and inclusion in the JVCEA's Green List.
What are the critical price thresholds for SHIB to watch?
The critical price thresholds for SHIB are identified at $0.00000531 and $0.00000499, as the price is currently retesting these support levels.
What concerns exist regarding SHIB's future performance?
Concerns regarding SHIB's future performance include its burn rate and transaction activity on the Shibarium network, which remain relatively low, as well as expectations for announcements from key team members that could influence market performance.