$SHELL — ADX Rising In A Downtrend: Bearish Momentum Still Has Fuel
One signal worth noting on
$SHELL 's daily chart right now is the ADX. While price sits at 0.0215 near recent lows, ADX is rising — confirming the downtrend still has strength behind it.
📊 What ADX rising in a downtrend means:
🔴 Trend is not weakening — it is gaining momentum
🔴 Not a reversal signal — it confirms the existing direction
🔴 Bounce attempts are likely to face strong selling pressure
💰 Current price: 0.0215 USDT
📉 Nearest swing low: 0.0202
⚠️ If 0.0202 fails: next support at 0.0174
Key resistance levels above:
1️⃣ 0.0223 — potential supply zone
2️⃣ 0.0243 — secondary resistance
3️⃣ 0.0265–0.0281 — strong supply zone
A rising ADX alongside bearish MACD, Vortex, PSAR and DMI paints a consistent picture — the downtrend in
$SHELL is not exhausted yet. For trend reversal confirmation, ADX needs to peak and roll over while price holds above 0.0265.
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