🚀 $KMD Price Recovery in Sight? Analysts Eye Possible Upside Toward $0.12

Over the past 24 hours, Komodo (KMD) has shown a notable recovery, climbing 5.69% to trade at $0.1003 on Binance. This uptick comes after a volatile week in the crypto market, with the price fluctuating between a low of $0.0906 and a high of $0.1176. While overall sentiment remains cautious, analysts suggest KMD could be preparing for a short-term breakout.

On the 4-hour timeframe, the KMD/USDT chart reveals a steady upward channel that began forming earlier this quarter. The price is now hovering just above a key support level near $0.0959, a zone that has previously triggered bullish reversals. If KMD maintains strength above this range, it may head toward the upper resistance at $0.1176. A breakout past that level could open the path toward $0.12 or beyond.

However, failure to hold support could send the token retesting lower zones around $0.0881 or even $0.0821. Currently, market participants are closely watching this range as momentum builds.

Meanwhile, 24-hour trading volume reflects increased interest, with 40.32 million KMD traded, equivalent to around $4.23 million USDT. The uptick in volume suggests rising engagement, but it's still below peak levels seen earlier in the month.

Despite its current price, KMD is still down considerably from its previous cycle highs. For long-term investors, this may represent a strategic entry point, especially if broader market trends shift positively.

With the market still digesting recent news and fluctuations, Komodo’s price action over the next few sessions will be critical in determining whether this is a true trend reversal or just a temporary bounce.

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