## MyShell (SHELL) Overview
MyShell (SHELL) is the native token of the MyShell platform, launched in 2023 as a decentralized AI consumer layer, combining AI and blockchain to create, distribute, and monetize AI agents. The platform supports open collaboration through Agentic Frameworks, open-source models (MeloTTS, OpenVoice), and an AI creator community. Key features of SHELL:
- Monetization: Creators earn SHELL for user interaction with their AI agents.
- Transactions: Payment for services, including AIpp Shares (trading shares of AI applications) and fees.
- Governance: Voting in MyShell DAO on protocol parameters.
- Rewards: Incentives for liquidity and participation in the ecosystem.
Key Products:
- ShellAgent 2.0: Modular AI framework with drag-and-drop interface, integration with BNB Chain for task automation (e.g., marketing on X).
- AI Marketplace: A platform for trading AI agents, data, and computations.
- Open-Source AI: MeloTTS (20 million downloads, 2024), OpenVoice (30 thousand stars on GitHub, top 0.03%).
MyShell raised $11 million from Dragonfly Capital, YZi Labs (ex-Binance Labs), Delphi Ventures, Coinbase Ventures, OKX Ventures. TVL: ~$400–600 million, 5 million users, 200 thousand AI agents, 170 thousand active creators. SHELL is traded on Binance, MEXC, Bybit, KuCoin, Gate.io, Deepcoin, Bitget (40 exchanges, 52 markets). Total supply: 1 billion SHELL, circulating supply ~270–294.17 million (27–29%).
- Price (August 4, 2025): ~$0.1424–$0.182 (CoinMarketCap, CoinGecko, Coinbase, Bitget).
- Market Capitalization: ~$41.9–$50.14 million (rank #509–793).
- 24h Trading Volume: ~$11.99–$24.01 million, change -20.2% to +12.7%.
- News:
- Listings: Binance, MEXC, Upbit, Gate.io, Deepcoin (February–July 2025), growth of 121%.
- Airdrop: 20–300 million SHELL through Binance HODLer Airdrop (June–July 2025), growth of 40–600%.
- ShellAgent 2.0: Launch with BNB Chain integration, marketing automation (February 16, 2025).
- Negative: A 60% drop after the airdrop, cyberattack (July 4, 2025).
- Bullish Sentiment: 60–70% of posts on X are optimistic, “whale surge” (+46%).
## Technical Analysis
- Current Situation: SHELL price has dropped by 72–73.6% from ATH ($0.69–$0.80, February 27, 2025) and is trading at $0.1424–$0.182, with a change of -12.7% to +0.39% over 24 hours and -13.9% to +3.8% over 7 days. A descending channel is visible on the 4-hour chart with “cup and handle” elements. Support at $0.1444–$0.1765, resistance at $0.2057–$0.2363. RSI is neutral, rebound possible.
- Key Levels:
- Support: $0.1444–$0.1765 (FVG cluster, 50-day SMA).
- Resistance: $0.2057–$0.2363, then $0.55–$0.75 (Fib 0.618).
- Indicators:
- RSI (4H/daily): ~44–57.81, neutral zone, potential bullish divergence.
- MACD: Bullish crossover on 1H/4H, bearish on daily.
- SMA: Price below 50-day ($0.20) and 200-day SMA ($0.22), bearish trend.
- Volumes: $11.99–$24.01 million, down 20.2% (Binance: $2.92–$3.66 million for SHELL/USDT). Spike to $202.96 million after listings.
- Chart: Price is testing $0.1424–$0.182 in a descending channel. A breakout at $0.2363 could raise the price to $0.55–$0.75; a breakdown at $0.1444 would strengthen the drop to $0.10. Use 1H/4H timeframes. Check on TradingView (SHELL/USDT).
## Fundamental Factors
- Positive:
- Ecosystem: TVL $400–600 million, 5 million users, 200 thousand AI agents, integrations with BNB Chain, Aave, Hashflow 2.0.
- Partnerships: Dragonfly Capital, YZi Labs, Delphi Ventures, Coinbase Ventures, $11 million in investments.
- Innovations: ShellAgent 2.0, MeloTTS, OpenVoice, CAGR of AI market 45%.
- Bullish Sentiment: 60–70% of posts on X are optimistic, 15/20 indicators bullish, social rank #314–567.
- Risks:
- Volatility: A 60% drop after the airdrop, cyberattack (July 4, 2025).
- Competition: Kaito, Sahara AI, Virtuals Protocol in AI blockchains.
- Tokenomics: 270–294.17 million in circulation out of 1 billion, selling pressure likely.
- Weak Differentiation: Comparison with KAITO shows less unique value.
- Low Liquidity: Volumes ($11.99–$24.01 million) are lower than top tokens, Fear & Greed Index at 54 (neutral).
## Recommendations
- To Traders: Buy when holding $0.1765 (target $0.2363–$0.55, stop-loss $0.1444). Sell on breakdown at $0.1444 (target $0.10). Use 1H/4H timeframes, watch volumes and news about ShellAgent 2.0.
- To Investors: Growth potential is linked to the AI market (CAGR 45%) and partnerships, but volatility, competition, and weak differentiation require caution. Await news on TVL, new agents, and integrations.
- Monitoring: Follow X (@MyShell_AI, @myshell_intern, @azmaine_md) and TradingView (SHELL/USDT). Check CoinGecko, CoinMarketCap, Binance Square.
Contract: Ethereum: 0xf2c88757f8d03634671208935974b60a2a28bdb3
