The current price being higher than the historical low does not mean the trend has recovered
In the chart provided, SHELL’s previous low price area is recorded at around 0.01740 USD. At the reference price of 0.02267 USD shown in the image dated 4/11, the current price is about 30% higher than that low.
This is only a comparison between two historical price levels.
The gap from the previous low cannot, by itself, prove that the long-term trend has reversed. Price movements and market data across multiple periods need to be assessed as well.
#SHELL #MyShell #CryptoResearch
In the chart provided, SHELL’s previous low price area is recorded at around 0.01740 USD. At the reference price of 0.02267 USD shown in the image dated 4/11, the current price is about 30% higher than that low.
This is only a comparison between two historical price levels.
The gap from the previous low cannot, by itself, prove that the long-term trend has reversed. Price movements and market data across multiple periods need to be assessed as well.
#SHELL #MyShell #CryptoResearch