Shiba Inu (SHIB) token is trying to find a new bottom, but in a good way. The token's market capitalization has stabilized around $3.22–$3.26 billion, and this level is turning from a major obstacle into reliable new support for the price.
According to TradingView, SHIB has finally settled above its 200-day moving average — the red line on the chart. This happened for the first time in all of 2026. In effect, the coin is completely erasing its brutal 11-month decline and ending the bearish cycle that had been running since September last year.
The reasons for optimism are not purely technical. The recovery is supported by a strong news backdrop. First, SHIB is officially entering Japan's regulated market. The local regulator, the FSA, granted a crypto service provider license to Laser Digital — a subsidiary of traditional financial giant Nomura — and included SHIB among the assets approved for institutional investors.
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Second, a powerful short squeeze in the futures market helped. Bears betting against crypto were liquidated to the tune of $3.1 billion. To close their losing positions, they had to urgently buy the token on the market, pushing its price higher.
At the same time, SHIB is breaking every historical stereotype. According to its price history, the end of summer has usually been dull for the coin, but this August has delivered a 15.9% gain. This is its best result in five years and has pushed the token's total third-quarter return to a record 30.1%.
Rankings and autumn upside: SHIB set to flip rivals
Shiba Inu currently ranks 28th globally on CoinMarketCap. After reversing its macro trend and establishing a new floor at $3.26 billion, the token is ready to move past its competitors and is already set to flip them.
It needs to grow by only 0.6% to overtake Avalanche (AVAX) and by less than 1.2% to displace Sui (SUI). Daily trading volume of $146.2 million shows that there is liquidity in the asset.
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The defense of this level is happening at exactly the right time. The fourth quarter lies ahead, while October has historically been SHIB's most explosive month, with an average return of 167.5%. With the current base holding firm, the coin has every chance to return to the top 25 this autumn.
