SHIB Secures Japan Milestone Amid Price Resistance
The Shiba Inu (SHIB) token has achieved a significant milestone in Japan by joining six other assets supported by Laser Digital Japan, a company backed by Nomura. This development adds regulated market access for SHIB and marks a key step in its expansion.
Laser Digital Japan completed its registration with Japanese authorities on August 21 after four years without another new exchange-provider approval. The initial asset group includes Bitcoin (BTC), Ethereum, XRP, Bitcoin Cash, Litecoin, and SHIB.
Despite this positive development, the price of SHIB has faced resistance near $0.00000555. After a sharp intraday drop to $0.00000525, the token recovered and rallied back up to about $0.00000552. The rebound places the $0.00000552 to $0.00000555 zone directly ahead.
The trading volume has declined by 66.82% during the measured period, leaving the recovery facing a key resistance test. A break above $0.00000555 would challenge the current range, while rejection would retain the existing resistance structure.