Damn, $SHELL is really taking off now, guys! 👀 Looking at the 1D chart, it’s clear that it just made a strong breakout from a long-term consolidation zone, signaling that the macro trend has turned bullish. Volume exploded on both the weekly and H4 charts, confirming that big money is flowing in—no joke. Yesterday’s H4 candle volume was 2.54x the 20-candle average! 🚀
Right now, $SHELL is trading at $0.03015, with an RSI of 49.7 on the 1H chart, MA7 at $0.0322, MA25 at $0.0312, and MA99 at $0.0226. On the 1H chart, after a strong pump, the price is consolidating and pulling back slightly. This could create an entry opportunity for anyone who missed the move. Derivatives data is pretty interesting too: funding is negative at -0.0150%/8h, 46.8% of accounts are currently Long, and Open Interest has surged by a whopping +392.6%! This suggests that Short positions are under heavy pressure, making a spectacular short squeeze that pushes the price even higher very possible.
The great thing is that MyShell is benefiting from the super-hot AI narrative right now, boosting the potential of AI models.
Right now, $SHELL is trading at $0.03015, with an RSI of 49.7 on the 1H chart, MA7 at $0.0322, MA25 at $0.0312, and MA99 at $0.0226. On the 1H chart, after a strong pump, the price is consolidating and pulling back slightly. This could create an entry opportunity for anyone who missed the move. Derivatives data is pretty interesting too: funding is negative at -0.0150%/8h, 46.8% of accounts are currently Long, and Open Interest has surged by a whopping +392.6%! This suggests that Short positions are under heavy pressure, making a spectacular short squeeze that pushes the price even higher very possible.
The great thing is that MyShell is benefiting from the super-hot AI narrative right now, boosting the potential of AI models.
