Date: May 8, 2025
Current Price: $0.222
Daily High: $0.2310
Daily Low: $0.1779
24h Change: +18.16%
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📊 Technical Analysis:
Current Support: $0.20
Next Resistance: $0.23
RSI: At 61 – showing moderate bullish momentum
MACD: Bullish crossover on the daily timeframe
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✅ Strengths & Opportunities:
Strong momentum driven by positive sentiment: Rising interest in AI-related tokens is boosting SHELL.
Trading volume spike: Significant increase in volume shows growing investor attention.
Bullish expectations: Analysts suggest continued upside if $0.23 resistance breaks.
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⚠️ Risks to Consider:
Overbought signals: RSI indicates a potential price correction ahead.
Market volatility: Sudden swings could affect short-term positions.
Tough resistance level: $0.23 might act as a short-term barrier.
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📌 My Personal View:
SHELL is gaining solid traction, but caution is warranted due to overbought signals.
For traders: Consider entering now with a stop-loss just below $0.20.
For investors: Waiting for a confirmed breakout above $0.23 could be safer.
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