Shell South Africa Begins Accepting Bitcoin for Payments

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 28 2025

SHELL-3.135%

BTC+2.52%

Should l Buy SHELL?

Bitcoin Acceptance at Shell: Shell South Africa has begun accepting Bitcoin for fuel payments, marking a significant step in integrating cryptocurrency into everyday transactions in the region.
Impact on Cryptocurrency Adoption: This move is expected to enhance Bitcoin's retail presence and could inspire broader adoption across the energy sector, reflecting the growing acceptance of digital currencies in South Africa.
Regulatory Implications: Increased corporate adoption of cryptocurrencies like Bitcoin may lead to more comprehensive regulatory frameworks as authorities adapt to the evolving digital payment landscape.
Market Sentiment: The acceptance of Bitcoin by major corporations could positively influence market perception, potentially increasing transaction volumes and sentiment towards Bitcoin as a legitimate payment method.

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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

About SHELL

MyShell is an AI consumer layer for everyone to build, share, and own AI agents. The team bridges AI and Blockchain through Agentic Frameworks, open-source models, and AI creator community. MyShell also provides users with AI-powered entertainment and utility while offering them shared ownership.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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