On the chart, $KERNEL
USDT has printed a strong impulsive rally followed by high volatility wicks, which clearly shows aggressive participation from both buyers and sellers. After pushing into the 0.075–0.076 region, price faced rejection and pulled back into a tight consolidation near 0.068–0.069. This behavior suggests profit-taking rather than a full trend reversal, as the price is still holding well above the previous accumulation range. The structure remains bullish as long as price respects the higher support zone around 0.066–0.067.
From a long-trade perspective, this consolidation looks like a pause after expansion. If buyers manage to reclaim strength above 0.070 with acceptance, continuation toward 0.072 and then 0.075 becomes likely. Holding above the current base signals that demand is still present, and another expansion leg can follow once volatility compresses. Patience is key here, as clean confirmation favors better risk-to-reward rather than chasing the spike.