SHIB Surges 15%, But Japan Listing May Be a Temporary Boost

Shiba Inu (SHIB) has seen a notable price surge in August, gaining 15% and breaking an 11-month downtrend. This increase can be attributed to its approval for listing on Japan's Nomura-backed Laser Digital platform.

The token's market capitalization has risen to $3.2 billion, and its Q3 return is now at 28.1%. However, historical trends and technical indicators suggest a possible correction in September, a month where SHIB has never posted strong gains.

Investors are advised to keep an eye on the $0.00000525 support level, as a drop below it could trigger sell-offs. Conversely, holding above this level may lead to a controlled pullback ahead of potentially strong Q4 performance.