๐ Price Movement:
The price of SHELL/USDT is $0.5909 ๐ข (+47.14%) โ a significant increase! ๐
24h High: $0.7099 ๐
24h Low: $0.4016 ๐
๐ Technical Indicators:
Moving Averages (MA):
7-period MA: 0.6016 ๐ก (currently below price, potential resistance)
25-period MA: 0.6369 ๐ฃ (above price, indicating downtrend)
MACD Indicator:
DIF: -0.0120 ๐ด
DEA: -0.0053 ๐ฃ
MACD: -0.0067 โ (Bearish momentum, red bars)
๐ Recent Trends:
The price hit a peak of $0.6968 before dropping to $0.5768 ๐
Strong downtrend with lower lows forming ๐จ
Slight rebound after the drop โ potential support? ๐ค
โ ๏ธ Conclusion:
Short-term bearish ๐ but could be recovering.
Watch for support levels & MA crossovers for confirmation! ๐
Volume is high ๐, meaning strong market activity!
trade setups? ๐