$SHELL/USDT Technical analysis The provided chart for SHELL/TetherUS exhibits a predominantly bearish trend, as indicated by the descending EMAs. The 20-day EMA is consistently trading below the 50-day, 100-day, and 200-day EMAs, suggesting a strong downward momentum. The absence of any golden cross formations and the general alignment of shorter-term EMAs below longer-term ones confirm this bearish inclination. Recent price action reveals a series of lower highs and lower lows, further reinforcing the established downtrend. Key resistance levels appear to be established around the previous swing highs, particularly near the 0.2000 mark, while significant support is not clearly defined but likely exists below the current trading range, perhaps around the 0.1000 region if historical data were more comprehensive. The current price action is testing the lower bounds of the established consolidation, with potential for a breakdown if support falters. Volume analysis shows periods of...
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