Shiba Inu Price Breakout Ends 11-Month Downtrend with Japanese Regulatory Approval
Shiba Inu's price breakout has ended an 11-month downtrend after the token closed above its 20-week moving average for the first time since September 2025. This technical signal lines up with a fresh regulatory win out of Japan, where the Financial Services Agency cleared a Nomura-backed exchange to list SHIB.
The combination of a technical turn and a regulatory green light has put SHIB back on traders' radars. The breakout happened on the weekly chart, where SHIB pushed past a level it hadn't cleared since September last year.
SHIB currently trades around $0.00000528, down 4.27% over the past 24 hours as it retests the very zone that produced the breakout. Retests like this one tend to reveal whether buyers actually have the strength to hold new ground, or whether the move was a temporary spike.