**$KERNEL /USDT Price Action: A Steady Climb with Caution Signals ๐๐จ**
The $KERNEL /USDT chart on Binance from May 4, 2025, 09:00 UTC+5 to May 5, 2025, 09:00 UTC+5 shows a subtle but intriguing movement for this trading pair ๐. KERNEL, the governance token of KernelDAO, started the period with a stable price, saw a sharp dip midday on May 4 ๐, and then began a gradual recovery with minor ups and downs, ending slightly above its starting point by May 5 ๐. This slow upward trend suggests cautious optimism ๐, but letโs dive into the signals.
Recent data from TradingView indicates bearish momentum persists for KERNEL/USDT, with the MACD below zero and the RSI (14) on the 1H chart at 32, nearing oversold territory ๐ฌ. The price is testing a critical support at $0.20, with a potential bounce to $0.22 if buying volume picks up ๐. However, the 50 EMA at $0.28 is capping rallies, and a breakout above this level is needed for bullish momentum ๐. Declining volume on recent drops hints at weakening selling pressure, which could signal a reversal if support holds ๐ช. Traders should watch for a spike in volume to confirm any upward move, but with volatility at 7.14%, caution is key โ ๏ธ. Are you trading KERNEL/USDT?
