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.