shelltoken

$SHELL has dropped significantly, down over 32% in the last 24 hours to $0.02755. This comes after it surged earlier in the week, now sitting 46.64% below its 7-day high of $0.05163. Despite the sharp decline, 24-hour trading volume is still very high, more than 6.7 times its 7-day average. The 14-hour RSI is neutral at 45.0.

My view is bearish given this rapid retracement from its high. The overall market sentiment is also in "Extreme Fear" with Bitcoin down 4.64% today. A clear move back above the previous 7-day high of $0.05163 would change this view. I am waiting to see if this high volume persists or if it diminishes, which could signal further downside pressure for $SHELL .

#SHELLToken #PriceAction

Order blocks on $ELF (ELFIN FINANCE) are tightening as volume surges, signaling bullish momentum. $SHELL (SHELL) is gaining liquidity, fueling ecosystem growth and investor confidence. $CVX (CONVEX FINANCE) continues to innovate, drawing trading activity and solidifying its position. Strong buy across the trio as adoption accelerates. 🚀📈 #ElfinFinance #ShellToken #ConvexFinance