Laser Digital Japan Adds SHIB to Six-Asset List

Laser Digital Japan's Six-Asset Entry for SHIB

Shiba Inu (SHIB), the meme-inspired altcoin, is expanding its institutional footprint in Japan after Laser Digital Japan, the Nomura-backed digital-asset firm, added the token to a six-asset list supported by its platform. The move follows approval from Japan's Financial Services Agency, according to the firm. Laser Digital Japan, which focuses on institutional clients, is planning wholesale liquidity services for local crypto trading venues, giving SHIB a distribution channel beyond retail spot exchanges. The other assets on the list are Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin. The Japanese entry landed during a period of elevated token activity: burn-tracking data showed the SHIB burn rate jumping more than 441% in 24 hours, with around 41.8 million tokens sent to inactive wallets. Exchange inflow data also pointed to accumulation, with net SHIB flows to trading platforms falling to roughly 212.3 billion tokens after exceeding one trillion earlier. Institutional access in a regulated market is a meaningful step for a token that has historically depended on retail enthusiasm, and it gives SHIB a compliance-conscious route into Japanese institutional portfolios. It also aligns with the broader risk-on tone in crypto, where Shiba Inu has been among the better-performing large-cap names over the past week.

The price action tells a more cautious story. SHIB's recent rally carried the token from roughly $0.00000445 to $0.00000620, with volume strong enough to clear short- and medium-term moving averages in one push. At $0.00000574, however, the long-term moving average acted as a wall; price briefly traded above it before forming a long upper wick and pulling back, and the rejection produced no daily close above the level. The $0.00000570-$0.00000600 zone is now treated as the key resistance pocket, and traders say a decisive close through that band would carry more weight than the earlier intraday spike. Beneath that, the holding area around $0.00000494 remains intact, with shorter moving averages at approximately $0.00000486 and $0.00000460 offering additional support. The relative strength index has cooled from the overbought levels seen during the first surge to roughly 62, a setup that technicians say leaves room for another test of the long-term average. A confirmed break of $0.00000574 would put the $0.00000600-$0.00000620 band in play, followed by the May 2026 high near $0.00000650. On the downside, a slide below $0.00000520 would open the bearish scenario, and losing $0.00000490 would raise the probability of a return to $0.00000460.

The broader market context is reinforcing the second-attempt thesis. Around the latest session, Bitcoin hovered near $78,700 and Ethereum traded near $2,496, and their daily RSI prints around 82 and 80 respectively have made support levels the primary risk, according to market observers. SHIB held above $0.00000543 during that window, preserving its recovery and keeping the focus on $0.00000574. Momentum has room for one more test: with SHIB's RSI near 62, the token has cooled from the overbought zone it entered during the initial spike, while price remains above the moving-average cluster at $0.00000494. The measured nature of the pullback suggests the market is waiting for confirmation near the moving-average cluster rather than distributing aggressively. A daily close above $0.00000574 would bring the $0.00000600-$0.00000620 range into play, and a sustained push through that band would put the May high near $0.00000650 on the map. Failure to hold medium-term support would instead revive the bear market scenario; the first warning level is $0.00000520, followed by $0.00000490. The recent price structure has clearly improved, even if the trend has not yet flipped, and capital rotation remains active across the altcoin spectrum.

COINOTAG's proprietary 42-indicator composite scoring engine rates the immediate resistance at 57/100, anchored by the Fibonacci 0.236 and 0.214 confluence, while the primary support also scores 57/100 on a Fibonacci 0.382 base. RSI at 63.76 remains below overbought, and the neutral MACD signal alongside a sideways daily trend favors range trading. Perpetual funding across Binance, Bybit and HyperLiquid stands at 0.0064%, mildly positive and not crowded. Fear & Greed Index at 74/100 (Greed) shows warm sentiment, but the neutral MACD argues against chasing. A sustained break above the 57/100 resistance opens the path toward May highs; a daily close below $0.00000520 would invalidate the bullish structure, and the all-time high region becomes the longer-term debate after that breakout.