$KGEN

Watching $KGEN closely on the lower timeframe, and the chart clearly shows a sharp shakeout.

Price dropped hard from the 0.18 area and wicked all the way down near 0.153 before bouncing back to around 0.168. That long lower wick tells me sellers pushed aggressively, but buyers stepped in fast. RSI is extremely oversold near 20, which usually signals panic selling rather than healthy continuation.

However, price is still below the 7, 25, and 99 EMA, so trend-wise KGEN remains weak in the short term. Volume spiked on the drop, which often marks a potential local bottom, but confirmation is still needed. Holding above 0.165 could allow a relief bounce toward 0.175–0.18. If it loses this level, downside risk remains.

Right now, it feels like recovery vs continuation is being decided.

Do you think this was a sell-off bottom or just a pause before another drop?

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