MyShell’s native token, SHELL, has witnessed an impressive bullish run, hitting a new all-time high of $0.69 following Binance’s announcement of an airdrop and a scheduled listing on February 27 at 13:00 UTC. As excitement builds, traders are actively speculating on potential price targets. Will SHELL sustain its rally, or is a short-term correction on the horizon?

SHELL Airdrop & Binance Listing Details

Binance will launch its HODLer Airdrop Event for SHELL an hour before trading begins, offering early adopters a chance to claim free tokens. Once listed, SHELL will be available for trading against top pairs, including BTC ($90,250.00), USDT ($1.00), USDC ($1.00), BNB ($878.55), FDUSD ($1.00), and TRY.

Since the announcement, SHELL has surged over 35% within 24 hours, trading at approximately $0.63. With a market cap of $171 million and a fully diluted valuation (FDV) of $633 million, the AI-related token is gaining significant traction in crypto.

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SHELL Tokenomics & Allocation

Understanding the distribution of a token offers insights into its long-term stability. SHELL has a total supply of 1 billion tokens, allocated as follows:

• Community Incentive: 30%
• Private Sale: 29%
• Advisors: 3%
• Team: 12%
• Marketing: 3.5%
• IDO (Initial DEX Offering): 4%
• Liquidity: 5%
• Ecosystem & Treasury: 13.5%

With 30% of the total supply allocated for community incentives, organic growth and engagement could drive further price appreciation after the listing.

Technical Analysis: Can SHELL Sustain Its Uptrend?

SHELL’s price action on the hourly chart indicates strong upward momentum, surpassing the $0.60 mark. The current formation suggests a bullish pennant pattern, typically signalling an impending breakout to the upside. If SHELL successfully breaks out, its price could trend towards $1.00.

Key Indicators:

• Relative Strength Index (RSI): Currently near 68, approaching overbought territory, indicating a potential short-term pullback before another surge.
• Support Levels: If SHELL dips below $0.60, it may test support at $0.55.
• Resistance Levels: A breakout above $0.65 could propel SHELL toward the $0.70–$0.75 range.
• Volume Analysis: High trading volume reinforces bullish momentum, increasing the probability of continued upward movement.

SHELL Price Prediction – What to Expect After Binance Listing

SHELL is currently trading at $0.6400, and the upcoming Binance listing is likely to introduce high volatility. By analyzing past Binance listings like KAITO, we can anticipate the following scenarios:

Short-Term Listing Price Prediction:

• Initial Surge: High demand and FOMO (fear of missing out) could drive an immediate price spike.
• Expected Listing Price: $1.00 – $1.50
• If buying pressure intensifies, SHELL may surge past $2.00 within hours.

After the initial volatility, a price correction and stabilization may follow:

• Support Levels: $0.90 – $1.20
• If hype remains strong, SHELL may establish a new base above $1.50.

Bullish Scenario:

• SHELL could witness an explosive rise if post-listing demand mirrors KAITO’s trajectory.
• First 24-Hour Target: $2.00 – $2.50+
• If institutional investors enter the market, SHELL might even test $5.00 in the coming days.

Bearish Scenario:

• If heavy selling pressure emerges, SHELL may retrace toward $0.80 – $1.00, though a steep drop below $0.60 appears unlikely unless broader market sentiment turns negative.

Final Thoughts: Should You Buy SHELL?

As MyShell continues expanding its ecosystem, SHELL’s long-term outlook appears promising. Strong market sentiment, Binance’s airdrop event, and the growing hype around AI tokens place SHELL in a favourable position for a bullish launch. However, investors should remain cautious, consider potential volatility, and implement risk management strategies accordingly.

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