$SHELL is holding above its initial breakout area after a sharp move from the $0.0200 region, but the rally has cooled considerably following rejection near $0.0500. Price is currently around $0.03370 as the market tries to establish a more stable base.
The immediate area around $0.0260–$0.0280 is worth watching as potential support. If buyers manage to defend this zone, #SHELL could regain momentum and make another attempt toward the $0.0460–$0.0470 region.
For now, a dip into demand followed by a recovery looks like the likely path. However, losing that support would weaken the bullish structure and leave room for a deeper correction.
The immediate area around $0.0260–$0.0280 is worth watching as potential support. If buyers manage to defend this zone, #SHELL could regain momentum and make another attempt toward the $0.0460–$0.0470 region.
For now, a dip into demand followed by a recovery looks like the likely path. However, losing that support would weaken the bullish structure and leave room for a deeper correction.
