#kernaldeo Technical Signals Breakdown:
1. Price Action:
$KERNEL Current price: $0.1707, with a recent bounce from $0.1545.
It's forming a sideways consolidation after a strong dump — this could be accumulation if volume picks up.
2. Moving Averages:
MA(7) = $0.1719 (above current price — slightly bearish)
MA(25) = $0.1709 (very close to price — indecisive)
MA(99) = $0.1895 (far above price — bearish trend)
3. Volume:
Volume is declining, which usually precedes a breakout. Watch for a volume spike to indicate a direction.
---
Bullish Confirmation Could Happen If:
Price breaks above $0.1720–$0.1750 zone with strong volume (above recent candles).
It closes above the MA(25) and MA(7) and starts trending toward MA(99).
A bullish candlestick pattern (like a strong green engulfing candle or bullish flag breakout) forms.
---
Watch These Key Levels:
Resistance:
$0.1750
$0.1788 (24h High)
$0.1884 – psychological resistance and MA(99)
Support:
$0.1629
$0.1545 (recent swing low)
---
Quick Tip:
Set an alert around $0.1750–$0.1780. If the price breaks and closes above with volume, momentum could shift bullish short-term.
---