Technical analysis by The_Alchemist_Trader_ about Symbol SHIB: Buy recommendation (11/24/2025)

Shiba Inu is holding its yearly low after retesting long-term support and posting multiple candle closes above it. The structure shows signs of stabilisation while burn rates surge sharply. The 1,000% jump in token burns highlights increased network activity, which may support a reversal attempt if price continues to hold above this zone. Still, SHIB needs stronger confirmation before any sustained move higher. Key Points - Yearly low defended with multiple closes above support - Burn-rate spike suggests heightened on-chain activity - Early stabilisation may precede a short-term rebound What to Expect If the yearly low remains intact, SHIB may attempt a rotation toward upper range levels. Losing this support would expose the price to further downside.