#SHELLAirdropOnBinance
From $0.7 to $0.5‼️Will $SHELL break past $1, $1.5, or even $2 after this consolidation phase❓$SHELL is showing strong consolidation, which often precedes a breakout. If momentum builds, it could first test $1, with potential upside toward $1.5 and even $2 if buying pressure sustains. $SHELLFaces a Critical Moment – Will Bulls Defend Support?
#SHELL /USDT is currently trading at $0.6064, up 51.00%, after hitting a 24-hour high of $0.7099. The price has retraced from its peak, now testing key support levels.
Key Levels to Watch
Resistance: $0.6575 – A breakout above could fuel another rally toward $0.6900 and $0.7100.
Support: $0.5897 – Losing this level may trigger further downside toward $0.5500 and $0.5200.
Trade Setup – Reversal or Further Drop?
Long Entry: Above $0.6200, targeting $0.6575 and $0.6900.
Short Entry: Below $0.5897, with downside targets at $0.5500 and $0.5200.
Stop Loss: $0.6000 for longs, $0.6200 for shorts.
Market Outlook – Momentum Weakening?
Parabolic SAR still signals an uptrend but is flattening out.
MACD is turning bearish, indicating slowing momentum.
Order Book: 60.61% buy-side, showing moderate buying pressure.
Will buyers step in to reclaim higher levels, or is a further pullback on the horizon?