🧠 $SHELL /USDT – Technical Analysis (1H Chart)

📊 Current Price: $0.1483 (+18.26%)

📈 24h High / Low: $0.1491 / $0.1250

🟢 Breakout Level: $0.1433 (clearly broken)

🔍 Key Indicators

1. RSI (6):

Value: 85.93 → Overbought

Indicates strong bullish momentum, but may cool down or consolidate short-term.

2. Volume:

Increasing significantly with the breakout.

Volume spike supports price movement — confirms real buying pressure.

3. Moving Averages:

MA(5) = 583,057.7

MA(10) = 688,166.4

MA crossover and upward slope confirm short-term bullish trend.

🔧 Chart Structure & Price Action

Higher Lows Formed: Price bounced from $0.1185 and steadily formed higher lows — bullish market structure.

Breakout from consolidation: Clear breakout above resistance at $0.1433.

No major resistance till $0.1500–$0.1580 zone.

🎯 Trade Setup

Entry Zone: $0.1385 – $0.1425

Target 1: $0.1500

Target 2: $0.1540

Target 3: $0.1580

Stop-Loss: Below $0.1290 (just under previous support & breakout base)

⚠️ What to Watch

If price stays above $0.1433, next leg could take it to $0.1540+.

RSI is high – look for brief pullbacks or consolidation before next move.

A break below $0.1385 might delay the rally or trigger a short-term correction.

📌 Conclusion:

This is a momentum breakout play backed by volume and trend structure. As long as price holds above the entry zone, the bulls remain in control. A move to the $0.1540–$0.1580 target zone is likely if resistance at $0.1500 is cleared with strength.

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