$SHELL /USDT +3.29% – Bounce in Progress, But Trend Still Weak Below Key MAs
SHELL is trading at $0.1537, up +3.29%, showing short-term strength after bouncing from the $0.1447 support. However, the price remains firmly below all key moving averages:
MA(7): $0.1642
MA(25): $0.1694
MA(99): $0.1780
This suggests the overall trend remains bearish, and current upside is corrective unless confirmed by a breakout.
24h Range: $0.1447 – $0.1569
Volume: $20.52M (moderate), indicating some renewed interest, but not yet signaling a strong reversal
Key Levels to Watch:
Immediate Resistance: $0.1570 → $0.1642 → $0.1694
Support: $0.1447 → $0.1353
Outlook:
The current bounce may test $0.157–$0.164 zone, but without volume and break above MA(25), this move may stall. If bulls fail to push past $0.169, a drop back toward $0.144–$0.135 remains likely.
Bias: Cautiously bearish until SHELL reclaims $0.169+ with strong volume.
