A Whale Wallet Started Accumulating This Binance-Listed Altcoin, According to Onchain Data
Whale Accumulation of SHELL Tokens: An unidentified crypto whale has purchased 2.89 million MyShell (SHELL) tokens for $880,000, accumulating a total of 15.04 million tokens worth $4.37 million since March 13, with unrealized profits of $442,000.
Market Maker Connection: MyShell developers announced that market makers can use stablecoins to buy SHELL tokens, leading to speculation that the whale's purchases may be linked to these repurchases, although no clear information is available.
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Technical Analysis for SHELL
Technical Sentiment Analysis for MyShell (SHELL) As of , MyShell (SHELL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHELL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SHELL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
MyShell (SHELL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00735 | 0.0165 | 0.0256 | 0.0348 | 0.0439 | 0.0531 | 0.0622 |
| Fibonacci | 0.0165 | 0.0235 | 0.0278 | 0.0348 | 0.0418 | 0.0461 | 0.0531 |
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