$SHELL /USDT is showing signs of short-term recovery, but the broader picture still looks uncertain. After hitting a low around 0.1052, the coin managed to bounce back to the 0.12 range, suggesting some buyers are stepping in at lower levels. However, the price has been struggling to hold above 0.1263, which appears to be a near-term resistance. The 24-hour volume around 88 million SHELL suggests active trading, but much of it looks like range-bound action rather than real accumulation.
The recent 4% daily gain is decent, but it doesn’t yet confirm a trend reversal. The pattern resembles a relief rally rather than a sustained breakout. If the price can hold above 0.12 for a few sessions, we might see a retest of 0.13–0.135, but failure to defend 0.11 could send it back toward the recent lows. Momentum indicators would likely show neutral-to-slightly-bullish bias, reflecting hesitation rather than conviction.
Overall, $SHELL looks like it’s trying to find its footing after a volatile stretch. The setup favors short-term traders more than long-term holders right now. Unless volume shifts toward steady accumulation and the coin breaks above its resistance with confidence, it’s hard to call this a true recovery—more like a coin catching its breath before deciding which way to go next.
