$KERNEL /USDT Gains Momentum, but Faces Resistance at MA(7) — Watch for Breakout or Fade
KERNEL is trading at $0.1866 (+3.04%), showing recovery signs after bouncing from a 24h low of $0.1779. Despite the recent uptick, price action remains stuck just below MA(7) at $0.1942, a key short-term hurdle.
Technical Overview:
MA(25): $0.1748, MA(99): $0.1502 — KERNEL holds well above mid/long-term supports, indicating underlying bullish strength.
Strong rejection seen around $0.1935–$0.1942 zone; this range acts as immediate resistance.
Support seen at $0.1779, then stronger buying likely near $0.1666 if pullback occurs.
Upside Targets:
Break above $0.1942 opens path toward $0.2081, then possibly $0.2496.
Downside Risk:
Rejection from MA(7) + failure to hold $0.1779 may drag price to $0.1666, or even retest $0.1500s if sentiment weakens.
Bias: Cautiously Bullish — Momentum favors bulls if $0.1942 is broken with volume, but tight stops are advised below $0.177 due to recent volatility.