$SHELL is trading at approximately $0.2723, reflecting an 18% decrease over the past 24 hours.
Buy Zone:
Considering recent market behavior, a prudent buy zone for SHELL lies between $0.25 and $0.27. This range aligns with current support levels, offering a potentially favorable entry point.
Target:
Upon entering within the suggested buy zone, setting a target price around $0.35 is advisable. This target considers recent resistance levels and provides a balanced risk-reward ratio.
Stop Loss:
To mitigate potential losses, a stop loss at $0.24 is recommended. This level is below the identified support zone, ensuring protection against unforeseen market downturns.
Technical Indicators:
Market Cap: Approximately $73.54 million.
24-Hour Trading Volume: Around $44.63 million.
Circulating Supply: 270 million SHELL tokens.
Market Insights:
Recent analyses suggest that SHELL's price could rise by approximately 125.10% in March 2025, potentially reaching higher levels. However, investors should remain cautious due to the inherent volatility in the cryptocurrency market.