🧭 KERNEL/USDT (1D): Accumulation Phase, Waiting for Trend
KERNEL is at 0.0880 USDT and maintaining a sideways/consolidation state on the Daily frame after a sharp decline.
🛠️ Current Status:
• Price: Accumulating around MA(7) (0.0884), but still below MA(25) and MA(99). The long-term downtrend is still in effect.
• Signal Point (MACD): MACD has crossed above the signal line (Bullish Crossover) and the Histogram is turning positive, indicating that buying momentum is slightly recovering after hitting the bottom.
• RSI: Has exited the Oversold area (below 30) and is hovering around 35-38. Selling pressure has decreased.
🔑 Levels to Watch:
• Recovery Confirmation: Needs a closing price above MA(25) - 0.0989 USDT with significant volume.
• Danger: If the price breaks below the nearest bottom of 0.0735 USDT, the downtrend will continue.
In summary: KERNEL is showing signals of a slight recovery in momentum from MACD, but is still in the accumulation/waiting phase. Be careful to monitor the resistance level of 0.0989 USDT to confirm a short-term reversal.
(DYOR - Do your own research before trading. This analysis is not investment advice.)
