The cryptocurrency $KERNEL is currently trading at 0.0771 USDT, below its recent equilibrium level of 0.07825. The market is experiencing a bearish trend on the 1-hour chart, with recent highs at 0.0840 and lows at 0.0725, indicating potential manipulation at these extremes. Mixed indicators show a bearish outlook, with MACD, Vortex, Momentum, and PSAR suggesting downward pressure, while ADX indicates trend strength and Stochastic shows optimism.
Critical resistance levels are identified at 0.0779, 0.0812, 0.0819, and 0.0840, while support levels are at 0.0772, 0.0748, 0.0740, 0.0730, 0.0713, 0.0690, and 0.0675. Significant liquidity zones at 0.0772 and 0.0740 could prompt strong price reactions. Traders are advised to watch for potential traps and manipulations above 0.0840 and below 0.0725.
Trading strategies suggest long positions if the price dips below 0.0740 and shows rejection, targeting 0.0772 and 0.0779. For short positions, traders should look for rejection between 0.0779 and 0.0812, aiming for targets at 0.0772 and 0.0740. This analysis is educational and not investment advice.
$KERNEL Faces Bearish Trend with Key Support and Resistance Levels
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