Continuing our daytime monitoring of volatile assets! The SHELL (MyShell) trading pair in the “AI” (artificial intelligence) category has entered a correction phase after yesterday’s massive surge and a nighttime spike to new highs, but it is still holding on to a significant 24-hour gain of +54.54%, trading at 0.03012 USDT.
Key indicators and technical overview from the chart:
After forming a peak wick at 0.05163 USDT (the 24-hour high), the asset faced aggressive selling pressure and formed a red sell-off candle. Over the past 24 hours, the price ranged from a low of 0.01947 USDT to the aforementioned peak, and is now hovering near the psychological $0.030 mark.
The 24-hour trading volume remains massive at 37.39 million USDT (with a volume of 1.09 billion SHELL), indicating extremely high liquidity and intense profit-taking by market participants during the day’s session. The current Vol(SHELL) on the candle reaches 339M (Vol(USDT): 11.2M).
The Parabolic SAR indicator remains below the price at the local low of 0.01859 USDT, while the Supertrend (10,3) line has moved up to provide support at 0.02107 USDT. Meanwhile, the price has fallen below the average AVL price (0.03312 USDT) and the VWAP (14) indicator, which runs through 0.03356 USDT — this cluster now acts as the nearest dynamic resistance overhead.
⚠️ Yesterday evening, we warned about the danger of vertical pumps exceeding +65% — the long upper wick reaching $0.0516 clearly shows how quickly traders take profits. Never enter at the peak out of FOMO; always set stop-losses and strictly manage your risk!
💬 How do you assess the situation with SHELL? Can buyers push the price back above the AVL/VWAP cluster ($0.0331–$0.0335), or will the correction continue toward Supertrend support ($0.021)? Share your thoughts in the comments, and have a profitable day, everyone! 👇
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