SHIB Ends 11-Month Slump Following Japan Approval
- SHIB breaks its 11-month downtrend after closing above the 20-week moving average.
- Japan approves a Nomura-backed exchange listing SHIB, expanding access for Japanese investors.
- SHIB must defend $0.00000531 before targeting $0.00000600 and $0.00000636 resistance.
Shiba Inu has finally delivered a technical signal that traders have awaited for months. SHIB closed above the 20-week moving average for the first time since September 2025. The move ended an 11-month downtrend and arrived alongside major Japanese regulatory news. Japan approved a Nomura-backed exchange listing SHIB. Now, traders face one crucial question. Can SHIB defend the breakout and push toward higher resistance levels?
Japan Approval Gives SHIB a Fresh Catalyst
Japan has opened another door for Shiba Inu through a major exchange approval. The Financial Services Agency registered Laser Digital Japan as a crypto asset exchange provider. Laser Digital operates as the digital assets arm of Nomura. The approval marks Japanโs first new exchange registration in four years. SHIB will launch among six supported assets on the exchange.
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