Technical Analysis of MyShell (SHELL) Currency – As of April 30, 2025
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🌺Price and Basic Indicators:
Current Price: $0.2287
Change over 24 hours: +7.28%
Market Capitalization: Approximately $63.9 million
24-hour Trading Volume: $40.5 million
Circulating Supply: 279.6 million SHELL out of a maximum of 1 billion
🌺Support and Resistance:
Support Levels: $0.2650 – $0.2800
Resistance Levels: $0.3100 – $0.3300 – $0.3500
🌺Moving Averages:
60-day Moving Average: The price broke through this level upward at $0.3006, indicating the beginning of upward momentum.
🌺Technical Indicators:
RSI (Relative Strength Index): 48.63 – Neutral State
MACD: -0.70 – Sell Signal
Stochastic RSI: 94.46 – Overbought
Williams %R: -9.95 – Overbought
🌺Overall Assessment:
TradingView: "Neutral" Recommendation
Investing.com: "Strong Sell" Recommendation (11 Sell signals against 1 Buy from the averages)
✅Recommendations:
Short-term buying opportunity if the resistance of $0.3100 is broken, with support monitored at $0.2800.
For Investors: Caution is advised at this time due to the divergence in indicators
