$KMNO showing some volatility in the latest few hours .
The asset is down slightly by 0.20% in the latest candle, indicating weak bearish pressure. Approximately $0.0655 to $0.0950, showing high volatility within this timeframe. There was a strong bullish impulse represented by a long green candle, pushing the price sharply upward from around $0.065 to above $0.095. This move suggests a liquidity sweep or whale-driven price action, potentially fueled by news, low liquidity, or algorithmic trading . Neutral to slightly bearish, due to decreasing volume and lower highs post-surge.
Support Level: Around $0.07500, where price is currently stabilizing.
Resistance Zone: Near $0.08500 - $0.09500, where the wick of the impulse was rejected.
The chart reflects a typical pump and retrace pattern, where initial bullish excitement is followed by a cooldown. The current price action near $0.076 suggests the market is deciding its next move — either consolidating for another breakout or slipping further toward support. Traders should watch for volume confirmation and breakout levels above $0.080 or breakdowns below $0.075 for directional clues.
What’s driving these swings ? 🤔🤔
