$KERNEL is currently trading around 0.0700, up approximately +9.38% in the last 24 hours. After a sharp impulse move toward 0.0725 (24h high) followed by a pullback, the price has entered a short-term consolidation phase. The 15m structure shows higher lows forming near the 0.0695–0.0698 area, suggesting buyers are defending support.
On the lower timeframes, momentum cooled after the rejection from 0.0725, but price is stabilizing above the psychological 0.0700 level. This kind of tight consolidation after volatility often precedes expansion. If bulls reclaim 0.0715 with strong volume, continuation toward the previous high becomes highly probable.
Key Levels to Watch
Immediate resistance: 0.0715 – 0.0725
Support zone: 0.0695 – 0.0688
Breakdown level: Below 0.0685
Trade Setup
• Entry Zone: 0.0695 – 0.0702
• Target 1: 0.0718
• Target 2: 0.0725
• Target 3: 0.0740
• Stop Loss: 0.0684
A confirmed breakout above 0.0725 with expanding volume could trigger a momentum leg toward 0.0740 and potentially higher. However, failure to hold 0.0690 may invalidate the bullish setup and open room for a deeper retracement.
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