$KERNEL /USDT — 15m Chart Read
Early momentum expansion lifted price out of the base and tagged 0.0725, followed by a controlled pullback that held structure. Since then, price has shifted into tight consolidation around 0.070–0.071, with candles compressing and volatility cooling—classic digestion after an impulse, not distribution.
Buyers clearly defended the 0.069–0.070 zone, stepping in on dips and keeping price above the rising short-term averages. The tape shows sellers struggling to press follow-through; pullbacks are shallow and quickly absorbed, keeping a continuation bias intact.
Overhead, first resistance sits at 0.0715–0.0725, with a higher extension zone near 0.074 if momentum re-accelerates and late sellers get trapped. Structure remains constructive as long as price holds the range.
Bias is mildly bullish while above the defended base. The caution level is a sustained loss below 0.0685—that would weaken the trend, break higher lows, and invite deeper mean reversion. Until then, the tape favors buyers holding ground near highs.
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