Hello binanciers
Let's do some $SHELL chart analysis today the new beginning into market depth!
SHELL after hitting ATH $0.73 now continues Downward trend and now trading down to $0.5 ... Big loss for those who's not sell between $0.65 to $0.7 ...
What you think? it's continues more downward momentum or will start Upward trend again to Make New ATH ..
🚨 SHELL/USDT – Is the Sell-Off Over or More
Pain Ahead 🚨
$SHELL has taken a brutal hit, crashing from its ATH of $0.73 to the current level of $0.4794, marking a massive -20.21% drop in 24 hours. Traders who failed to exit between $0.65 and $0.70 are now witnessing a deep correction. The chart clearly shows a descending channel, indicating strong bearish pressure, with no confirmed signs of reversal yet. The key question remains: Will SHELL recover, or is further downside inevitable?
🔥 Key Technical Levels to Watch
📉 Bearish Case: If SHELL breaks below $0.47, expect further selling toward $0.45, with an extended target of $0.42-$0.40 if panic selling accelerates. The downtrend remains intact until a clear breakout above $0.52-$0.55 occurs.
📈 Bullish Reversal? A potential short-term bounce could occur if buyers step in at $0.47-$0.45, but SHELL must reclaim $0.55 to signal a reversal. Breaking above $0.60 would be the first major confirmation that bulls are regaining control.
📊 Final Verdict – Wait for Confirmation!
Right now, SHELL is at a critical decision point. A failure to hold $0.47 could trigger another sharp decline, while a reclaim above $0.55 might fuel a recovery rally. For now, traders should exercise caution and wait for a trend confirmation before making any aggressive moves. Watch volume closely—is smart money accumulating or dumping?
🔥 Will SHELL break below support, or is a reversal on the horizon? Drop your thoughts below ..
