$SHELL Analysis: Observing a Downtrend šŸ“‰

Many are questioning why $SHELL is experiencing a price decline while $BTC and $ETH show signs of recovery. This situation stems from both technical indicators and on-chain data.

**1. Token Unlock Event (December 13):**
A substantial token unlock took place on December 13. This led to significant selling pressure as early investors and the team realized profits.

The market is currently digesting this increased supply, which is a primary driver behind the ongoing downtrend.

**2. Weak Price Action:**
Technical charts reveal a clear breakdown below critical support levels. Any attempts at minor bounces have been met with aggressive selling.

This suggests a current lack of substantial buying interest in the asset.

**Prediction for December 17:**
Considering the sensitive end-of-year market conditions and the post-unlock sell-off, $SHELL is likely to continue its consolidation or downward movement.

* **Best Case Scenario:** Sideways trading within the 0.045 - 0.050 range.
* **Worst Case Scenario:** A potential test of the 0.040 support zone if $BTC experiences weakness.

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