$KERNEL near $0.196 – Bulls eye the 1.618 Fibonacci extension, but is the breakout ready or is further consolidation ahead?

1) Recap – August 11, 2025

Yesterday, the $KERNEL market remained in consolidation following a dynamic move earlier this week.

  • 1H Chart: Price fluctuated between $0.194 – $0.213 without a decisive breakout. RSI stayed in the neutral 50–55 range, indicating no clear buyer or seller dominance. MACD was flat, suggesting no strong momentum.

  • 4H Chart: Price held above the key support zone at $0.194, which serves as the foundation for the current price structure. Volume, after the earlier spike, significantly declined — a typical market pattern before the next impulse move.

Fibonacci Levels (swing: $0.194 → $0.213):

  • 38.2% – $0.2028

  • 50% – $0.2046

  • 61.8% – $0.2064

  • 1.618 extension – $0.2440

2) Current Market – August 12, 2025

At the time of writing, $KERNEL is trading around $0.1958, near yesterday’s daily lows.

  • 1H Chart: RSI around ~52 shows slightly bullish-neutral sentiment. MACD hovers near the signal line, suggesting indecision. Volume is moderate, indicating traders may be waiting for confirmation before committing to a direction.

  • 4H Chart: Price is moving between the 38.2% and 61.8% Fibonacci retracement levels — a typical decision zone. Holding the $0.1950–$0.1940 support could set the stage for an upward move if volume starts to rise.

3) Volume Analysis

Volume analysis over the past 24 hours shows buyer activity has been weaker compared to the previous rally period, reflecting market caution. Low volume while holding support can precede an explosive breakout — but without a catalyst, the market may continue consolidating.

4) Outlook

  • Bullish: A 1H candle close above $0.2064 (61.8% Fibo) with rising volume may trigger a push toward $0.220 and ultimately $0.244 (1.618 extension).

  • Bearish: A break below $0.1958 with higher sell volume could lead to a drop toward $0.190 and possibly $0.185.

5) LONG Setup

  • Entry: ≥ $0.2064

  • Stop Loss: $0.2000

  • TP1: $0.2100

  • TP2: $0.2200

  • TP3: $0.2440 (1.618 ext)

6) SHORT Setup

  • Entry: < $0.1958

  • Stop Loss: $0.2000

  • TP1: $0.1900

  • TP2: $0.1850

  • TP3: $0.1800

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