Is KernelDAO building strength below $0.22 — breakout to 1.618 extension or deeper correction next?
1) Yesterday’s Recap – August 9, 2025
On the 1H chart, $KERNEL consolidated within the $0.21–$0.22 range. RSI hovered around 50–55, while MACD was neutral, suggesting indecision before the next move. Volume remained low — the market appeared to be in a waiting phase.
On the 4H chart, the token held above the $0.205 area, which has often acted as consolidation support. RSI reached around 58, and MACD gave a mild buy signal — early signs of possible bullish pressure. This was accompanied by slightly higher volume compared to previous dips.
Key Fibonacci levels for the swing from recent low to high:
38.2% – $0.215
50.0% – $0.2155
61.8% – $0.216
1.618 extension – ~$0.235
2) Current Market Situation – August 10, 2025
Today, $KERNEL is trading at around $0.209 — slightly below the upper range but still consolidating. RSI (~52) and MACD remain neutral, with a slight bullish lean. Volume is moderate — the market is waiting for a stronger trigger.
On the 4H timeframe, price is holding above the $0.205 key support, while RSI is approaching 60, which could signal slow upward movement. MACD is trying to bounce from the zero line. Volume has increased slightly during upper range tests — potential buildup for a breakout.
Fibonacci for today’s swing ($0.209 → $0.215):
38.2% – ~$0.2115
50% – ~$0.212
61.8% – ~$0.2125
1.618 extension – ~$0.222
3) Outlook
Bullish scenario: If $KERNEL holds above ~$0.212 and breaks $0.215 with increasing volume, a move towards $0.222 (1.618 extension) is possible.
Bearish scenario: A drop below $0.2092 with volume could push price down to $0.205 or lower.
4) LONG Setup
Entry: ≥ $0.215
Stop Loss: $0.212
TP1: $0.218
TP2: $0.220
TP3: $0.222 (1.618 extension)
5) SHORT Setup
Entry: < $0.209
Stop Loss: $0.2115
TP1: $0.207
TP2: $0.205
TP3: $0.203 (deeper consolidation support)
#KERNEL #CandleTimes #Restaking #CryptoAnalysis #Fibonacci
