We saw a strong move from 0.1183 to 0.1758 — nearly a 50% rally — but that push hit resistance hard. A sharp rejection followed, leaving a long upper wick, and now the price is consolidating around 0.1553.
Momentum’s cooled off — we’re seeing tight candles and low volatility, signaling some market indecision. Volume spiked during that rally and rejection, showing there was serious interest, but now it’s all eyes on the next move.
Key Levels to Watch:
Support: 0.1407 and 0.1281
Resistance: 0.1660 and 0.1758
If 0.1553 holds and buyers step in to break 0.1660, we could see another retest of 0.1758. But if support at 0.1407 breaks, a drop toward 0.1281 is likely.
Right now, it’s in a holding pattern — a wait-and-see zone. Patience could pay off here.
Trade $SHELL now
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