KERNEL. Here's a brief analysis based on what I can see:
Key Observations:
Price Range and Recent Action:
Current price seems to be around 0.1784.
There’s been a major drop from a peak near 0.40 down to the 0.16-0.17 range.
After the drop, price consolidated within a tight range (between 0.1646 - 0.2274) through April and May.
Volume Analysis:
There was a huge spike in volume during the initial price surge and subsequent crash.
Volume has since declined and stabilized, indicating reduced interest or accumulation phase.
Support and Resistance:
Support: Around 0.1646 — price has tested this level several times without breaking lower.
Resistance levels:
0.1784 (minor resistance)
0.2274 (stronger resistance, marked multiple times)
Chart Pattern:
The price is forming a base after a large decline — possible setup for a breakout or breakdown.
It resembles a descending triangle or consolidation box, waiting for a catalyst.
What to Watch For:
Break above 0.2274 with volume could trigger a breakout.
Break below 0.1646 might lead to further downside.
Volume is crucial here — increasing volume on breakout/breakdown will confirm the move.