Shiba Inu Breaks 11-Month Downtrend as Japan Approves Exchange Listing
Shiba Inu (SHIB) has broken an 11-month downtrend after its price closed above its 20-week moving average for the first time since September 2025.
This milestone arrived in the same week that Japan approved a Nomura-backed exchange to list SHIB, with Laser Digital Japan registering as a crypto asset exchange service provider and gaining approval to handle six tokens, including SHIB, Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), and Litecoin (LTC).
The token now trades at $0.00000528, down 4.27% in 24 hours, while it retests the breakout.