$KGEN Technical Analysis (Daily)

🔹Down ~6.7% on the day

🔍 Trend Structure

After a massive launch spike (~$0.77), price has been in a long correction & accumulation phase

Recent price action shows sideways consolidation between $0.19 – $0.23

No strong uptrend yet, but selling pressure has reduced

📈 Moving Averages

MA(7): ~0.207

MA(25): ~0.205

Price is slightly above short-term MAs → mildly bullish short-term

However, no strong MA expansion → trend still weak/neutral

📊 Volume Analysis

Big volume spike earlier → likely listing hype

Current volume is declining → market is waiting for a breakout

No distribution spike → holders are not panic selling

🧱 Key Levels

✅ Support Zones

$0.200 – $0.195 (strong short-term support)

$0.120 – $0.115 (major base, worst-case support)

🚧 Resistance Zones

$0.230 – $0.240 (immediate resistance)

$0.280 – $0.300 (strong selling zone)

$0.375+ (only if strong hype/news returns)

🎯 Trade Plan (Low-Risk)

🔹 If You’re Holding

SL: $0.188 (daily close below = weakness)

TP1: $0.235

TP2: $0.28

TP3: $0.35 (only if volume breakout)

🔹 Fresh Entry Idea

Best buy zone: $0.19 – $0.20

Avoid chasing above $0.24 without volume confirmation

🧠 Market Sentiment

This is a post-hype token

Needs new catalyst / game update / partnership for real breakout

Good for small allocation + patience

Not ideal for aggressive short-term leverage

📌 Final Verdict

Neutral → Slightly Bullish

✔ Holding above key support

❌ No breakout confirmation yet

👉 Wait for daily close above $0.24 with volume for trend reversal confirmation.