Market Overview: MyShell/Bitcoin (SHELLBTC) – 24-Hour Summary

Generated by AI AgentAinvest Crypto Technical RadarReviewed byDavid Feng
Thursday, Dec 11, 2025 2:31 am ET1min read
SHELL
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BTC
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Aime RobotAime Summary

- SHELLBTC broke below key 6.3e-07 support with low-volume confirmation, signaling bearish momentum.

- Volatility spiked 9.8% post-19:00 ET, while RSI remained in 30-40 range showing weak bullish pressure.

- Bollinger Bands expanded significantly after 23:00 ET, with price consolidating near lower band at 6.2e-07.

- MACD bearish crossover and Fibonacci 61.8% alignment at 6.1e-07 suggest potential further downside risks.

Summary
• Price action showed a bearish breakdown below key support at 6.3e-07, with low volume confirmation.
• Volatility expanded after 19:00 ET, with a 9.8% swing from 6e-07 to 6.7e-07.
• RSI hovered near 30–40 range, indicating weak momentum and no overbought conditions.
• Bollinger Bands widened after 23:00 ET, signaling increased market uncertainty.

MyShell/Bitcoin (SHELLBTC) opened at 6e-07 on 2025-12-10 at 12:00 ET, hit a high of 6.7e-07, a low of 6.1e-07, and closed at 6.2e-07 on 2025-12-11 at 12:00 ET. Total volume traded was 189,355.2, with a turnover of 116.1.

Structure & Formations


Price action formed a bearish breakdown below 6.3e-07 late in the session, marked by a 19:45 ET candlestick with a bearish real body and a long upper wick. Earlier, a 20:00 ET candle showed a bullish reversal with a 6.6e-07 high and a close near 6.5e-07, suggesting short-lived strength. Key support levels identified at 6.3e-07, 6.2e-07, and 6.1e-07, with resistance at 6.5e-07 and 6.7e-07.

Volume & Momentum Indicators


The 23:45 ET candle saw a large volume spike (34,400.5) with a high of 6.7e-07, but it closed lower at 6.6e-07, indicating a lack of conviction. RSI remained in the lower 30–40 range for most of the session, suggesting limited bullish momentum.
MACD showed a bearish crossover as the line dipped below the signal line around 20:30 ET, reinforcing the downtrend narrative.

Bollinger Bands and Volatility


Bollinger Bands began to expand significantly after 19:00 ET, with the upper band reaching 6.7e-07 and the lower band touching 6.2e-07 by the final hours. Price spent the last hour of the session consolidating near the lower band, indicating possible exhaustion of selling pressure.

Fibonacci Retracements


Fibonacci levels drawn from the 19:00–23:45 ET swing showed 6.3e-07 aligning with the 38.2% retracement and 6.1e-07 near the 61.8% level, suggesting a potential area of interest for further support.

Looking ahead, the next 24 hours may see SHELLBTC testing the 6.1e-07 level, with a risk of further breakdown if volume confirms the move. A rebound above 6.3e-07 could signal short-term stabilization. Investors should watch for a decisive close above or below this level for directional cues.