$KERNEL
is showing some interesting short-term strength on the 15m chart. Hereโs the breakdown of what the data is telling us:
๐ The Numbers
Current Price: $0.0708 (+7.44%)
24h High/Low: $0.0725 / $0.0654
Volume: Healthy activity with 36.42M KERNEL traded in 24h.
๐ Technical Observations
Recovery Mode: After a rough 90 days (-69%), the token is finding a bid. Itโs up over 5% today and 4.3% on the weekly, suggesting a potential floor is being established.
Order Book Sentiment: The "Bid/Ask" ratio is leaning heavily bullish at 69.97% Buy vs. 30.03% Sell. Large buy walls are sitting just below the current price at $0.0704 - $0.0706.
Resistance: The immediate hurdle is the 24h high of $0.0725. A clean break above this could trigger a move toward the $0.0750 level.
๐ก The Verdict
The short-term trend is turning green, backed by strong buying pressure in the order book. However, the long-term trend (180 days) is still down, so keep tight stop-losses near the $0.0680 support zone.
Are we seeing a trend reversal or just a relief rally? Let me know your moves below! ๐
