$SHELL
is consolidating after a sharp bullish spike 📊
SHELL recently experienced a strong surge that pushed the price rapidly from the 0.0301 support area up to the 0.0437 resistance level, creating a sharp impulse move in a short period of time.
After reaching that peak, the market faced strong rejection, leading to profit-taking and a pullback from the highs.
Since then, the price has entered a cooling phase, forming smaller candles as the market stabilizes.
Currently, SHELL is trading around 0.0339, hovering near the 25 moving average, which is acting as an important short-term support zone.
If buyers manage to regain momentum and push above 0.0360, the price could attempt another move toward 0.0390 – 0.0430 🚀
However, if selling pressure increases and 0.0325 support breaks, the market could revisit the 0.0310 – 0.0300 zone before a stronger recovery forms.
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