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, USDT, USDC, BNB, FDUSD, 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.
Read Also: Dogecoin Eyes Recovery: Can DOGE Overcome Market Volatility?
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.
