SHELL/USDT — Demand Zone: Accumulation or Final Breakdown?
SHELL is currently sitting at a critical support zone between 0.106–0.122 USDT, a region that has acted as a strong base since May. Each time price dips into this yellow zone, buyers have stepped in to absorb the selling pressure — marking it as a battlefield between bulls and bears.
However, sellers are still dominating the broader structure. The series of lower highs since August forms a clear descending triangle pattern, typically bearish — yet, in some cases, such formations become hidden accumulation zones once buying volume quietly starts building near the support.
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Key Levels
Main Support Zone: 0.106–0.122 (highlighted in yellow — critical buyer defense)
Immediate Resistance: 0.1518 (first breakout trigger)
Next Resistance Levels: 0.1836 → 0.2047 → 0.2275 → 0.26
Major Resistance Targets: 0.33 and 0.59
Current Price: ≈ 0.1214 USDT
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Market Structure
The current setup forms a descending triangle, defined by constant support and descending highs — a sign of ongoing bearish pressure.
Yet, if the support continues to hold and the market begins to form higher lows, this could shift into a reversal base, signaling the start of a potential trend recovery toward 0.18–0.20 USDT.
But if price breaks below 0.1058 with conviction, it may trigger a capitulation wave, driving SHELL down toward 0.06–0.08 USDT.
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Bullish Scenario
Bullish confirmation checklist:
1. Price continues to hold above 0.106–0.122.
2. A daily close above 0.1518 with strong buying volume.
3. Successful retest of 0.1518 as new support.
Bullish targets:
0.1518 → 0.1836 → 0.2047 → 0.2275 → 0.26
Potential upside: +25% to +114% from current levels.
Bullish narrative:
If buyers manage to defend this zone, it could represent a final accumulation phase before a larger reversal. This structure often reflects where smart money starts positioning quietly before a trend shift.
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Bearish Scenario
Bearish confirmation checklist:
1. A daily close below 0.1058 (confirmed breakdown).
2. Failed retest of previous support (turns into resistance).
3. Increasing sell volume confirming momentum continuation.
Downside projection (measured move):
Height of triangle ≈ 0.046 → Breakdown target ≈ 0.0598 USDT.
Potential drop: ~50% from current price.
Bearish narrative:
If the 0.106 zone collapses, buyers lose control. This could trigger a panic-sell phase, clearing out weak hands before the market finds its true bottom.
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Strategic Takeaway
SHELL is at a make-or-break point:
Hold the zone: Possible start of a new accumulation and recovery.
Lose the zone: Likely continuation of the downtrend with deeper correction.
Aggressive traders may look for entries near support with tight stops below 0.1058.
Conservative traders can wait for confirmation above 0.1518 before taking a position.
Watch for volume spikes and daily closes — they’ll reveal whether this is the beginning of a new bullish cycle or a final breakdown before capitulation.
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