As of May 11, 2025, MyShell (SHELL) is trading at approximately $0.253.
Technical Analysis:
Out of 17 technical indicators, 12 suggest a 'Buy', and 4 suggest a 'Sell', indicating a bullish short-term sentiment.
Resistance level: $0.00327 – a breakout above this could trigger further upward movement.
Support level: $0.00302 – a drop below this could lead to decline.
Market Activity:
24-hour trading volume is around $34.8 million, showing active market interest.
Circulating supply is approximately 279.7 million SHELL, with a max supply of 1 billion.
Price Predictions for 2025:
Moderate forecasts suggest prices around $0.77.
High-end predictions reach $1.16, while the low-end could go as far down as $0.0012.
Conclusion:
Short-term outlook: Slightly bullish, with technical indicators favoring upward momentum.
Long-term outlook: Cautious, due to wide prediction range and market volatility.
My Recommendation:
If you're short-term trading: Consider a bullish strategy with a breakout entry above $0.26.
If you're long-term investing: Be cautious and only invest what you're comfortable risking.