$SHELL is showing some signs of life after a choppy and uncertain past 48 hours. The current price at $0.2268 represents a 5.39% move up on the day, but the story lies in the candles. After struggling to reclaim momentum following a peak of $0.2400, the price dipped into a consolidation range with increasingly tighter moves. However, it has recently printed a series of green hourly candles breaking above the mini-resistance around $0.2209, suggesting buyers are regaining some control.
What’s interesting is the emerging pattern—a classic “rounded bottom” forming just above the $0.21 level. This implies accumulation. If the price holds above $0.2260 in the coming candles, we could see a push back toward the $0.2328 local high, and potentially even a retest of the $0.2400 mark if volume accompanies the move. That said, volatility is still present, and a sharp rejection below $0.2200 would invalidate the bullish structure and invite renewed selling pressure.
Right now, the trend is cautiously bullish in the short term. SHELL is trying to crawl out of the trenches, and as long as it avoids falling below $0.21, the path of least resistance appears to be upward. Keep an eye on how it reacts at $0.2328—break that level with confidence, and this shell might finally crack into something bigger.
