Shiba Inu climbs as SHIB joins JVCEA Green List in Japan

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Shiba Inu rises 4.08% on Mercari news

Highlights

SHIB's integration with Mercari allows over 4 million Japanese users to spend SHIB, driving transactional demand and market activity.
Regulatory inclusion on the JVCEA Green List and robust Shibarium network usage enhance institutional access and on-chain engagement in Japan.
SHIB/USD shows strong short- and medium-term upside momentum, with intraday volatility and an expected range of $0.00000432–$0.00000505; overbought signals raise near-term pullback risk.

Demand surges as Japanese marketplace and Green List boost SHIB adoption

Shiba Inu's recent integration with Mercari, Japan's largest online marketplace, significantly expands the coin's reach by allowing over 4 million crypto users to purchase SHIB with proceeds from second-hand sales. This development directly increases demand and transactional activity for SHIB in a major regional market. The move follows SHIB's addition to the JVCEA Green List, further reinforcing regulatory trust and institutional access in Japan. In the background, ongoing growth in the Shibarium Layer 2 network—with over 1.5 billion cumulative transactions and consistently low gas fees—provides additional support for the asset's on-chain activity.

Momentum splits as short-term signals clash with overbought readings

Technically, SHIB/USD is trading above the MA-20 and MA-50 but remains below the MA-200 on the daily chart, reflecting short- and medium-term momentum against a longer-term resistance. The Ichimoku Kijun at $0.00000467 acts as immediate support, while resistance is seen at $0.00000505 and support at $0.00000432. Indicator readings are mixed: MACD is on a buy signal, ADX is neutral, and RSI supports bullish conditions, while Stoch RSI and CCI flag overbought territory. Bull/Bear Power points to buyers dominating intraday, and the Awesome Oscillator supports the ongoing upward move.

Continuation bias grows as resistance breakout risk intensifies

Over the next 2–3 trading days, SHIB/USD is likely to trade within the $0.00000432–$0.00000505 band, reflecting typical volatility. The probability of a continuation towards the upper end of the range is high, with any clear breakout above $0.00000505 opening the door for further gains. However, if price drops below immediate support at $0.00000467, this would signal a potential for a short-term pullback or range-bound trading within the outlined corridor.

Viktoras Karapetjanc, Traders Union expert, sees strong upside potential for Shiba Inu thanks to major adoption milestones in Japan. He notes the Mercari integration and JVCEA Green List status as clear signs of rising institutional and retail confidence. Short- and medium-term technical signals are supportive, particularly alongside robust Shibarium activity. The analyst expects bullish momentum to hold as long as SHIB remains above immediate support. "SHIB's recent developments in Japan create a solid fundamental base for further gains if this positive sentiment continues," he says.

Previously, analysts noted that Shiba Inu was facing persistent bearish momentum amid weak technical signals and heightened volatility. The current uptick above key moving averages and mounting transactional demand in Japan may challenge this downtrend, making a decisive move above $0.00000505 a pivotal trigger for renewed upside momentum.

Source of Data: SHIB Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.