The price of SHELL is currently walking on a tightrope — right at the confluence between the key support zone of 0.120–0.108 and the descending trendline that has been suppressing every bullish attempt for months.
The chart now enters a make-or-break phase where the next major direction will soon be decided.
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Technical Structure Overview
The current setup forms a Descending Triangle Pattern, where:
The horizontal base (yellow zone) acts as the last line of defense for buyers,
While the descending trendline serves as the main wall for sellers.
In recent months, every breakout attempt has been rejected from this trendline — but this time, momentum looks stronger, and volume is starting to build up.
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Bullish Scenario
If the price breaks and closes above 0.142 with strong volume confirmation:
The descending triangle could invalidate and turn into a bullish breakout reversal,
Upside targets will likely be at:
0.185 → 0.205 → 0.226 → 0.260 → 0.330,
Such a move may signal the start of a medium-term trend reversal, especially if the broader crypto market gains strength.
Main confirmation: a daily close above 0.142 followed by a successful retest of the breakout zone as new support.
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Bearish Scenario
However, if momentum fails and the price gets rejected from the trendline and then breaks below 0.108,
The descending triangle will confirm as a bearish continuation pattern,
The next downside target sits around 0.085–0.075, the previous demand area.
Losing 0.108 support may trigger a panic sell and extend the bearish cycle significantly.
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Key Takeaway
The 0.120–0.108 zone is the lifeline for buyers right now.
A breakout above it could reshape the entire medium-term structure,
while a breakdown below it could open the path for a deeper selloff.
Moments like this are often golden opportunities for technical traders — where the risk is tightly controlled, but the reward potential is substantial if confirmation appears.
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Conclusion
SHELL stands at the final equilibrium between buyers and sellers.
The longer price stays under the descending trendline, the more pressure builds up for a decisive move.
Once the breakout or breakdown happens, a volatility expansion is inevitable.
The key is simple:
Watch the daily close, monitor the volume, and follow the confirmation.
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