$SHELL 🔴 Big Sellers at Market – SHELL Facing Heavy Pressure from the Top 🔴

SHELL is showing unmistakable signs that big sellers are active, putting a lid on price and fueling persistent downward pressure. After an initial rally attempt, the chart now reveals multiple failed breakouts, each swiftly reversed by aggressive selling that has pushed price back below key levels. Long upper wicks and weak closes highlight how sellers are using every bounce to exit positions.

Volume has surged during each rejection, confirming that this isn’t just normal volatility but sustained distribution as larger players unwind exposure. This steady supply is creating a clear ceiling that buyers have struggled to overcome, keeping sentiment cautious and limiting upside potential.

Fundamentally, SHELL still benefits from ongoing project development and a loyal community, but these factors haven’t been strong enough to counter the technical pressure. With every rally attempt meeting determined selling, traders are increasingly hesitant to step in aggressively until signs of absorption emerge.

The critical level to watch is the overhead resistance zone where these repeated failures have clustered. A decisive breakout above that area on strong, sustained volume would be required to flip sentiment and confirm that buyers are regaining control. Until then, any rallies into resistance are likely to be met with more selling, creating potential traps for late entrants.

Right now, the message is clear: big sellers are firmly active in the market, and SHELL is struggling to build upward momentum. This environment calls for caution—without confirmation of a shift in control, the path of least resistance remains to the downside.