Shiba Inu Breaks Downtrend with Key Technical Shift and Japan Regulatory Approval

Shiba Inu (SHIB) has finally broken an 11-month downtrend with a key technical move, closing above its 20-week moving average for the first time since September 2025.

This breakthrough comes at a crucial moment, as Japan's Financial Services Agency recently cleared Nomura-backed exchange Laser Digital Japan to list SHIB alongside five other assets.

The combination of this technical shift and regulatory approval has put SHIB back on traders' radars, but the real test lies ahead.

SHIB currently trades around $0.00000528, down 4.27% over the past 24 hours as it retests the breakout zone near $0.00000531.