$KERNEL /USDT Current Price: $0.2077- STRONG REVERSAL LONG TRADE SETUP

24h Change: +1.69%

24h High: $0.2214

24h Low: $0.1868

24h Volume: Approximately $4.3 million

Market Cap: Approximately $46 million

Circulating Supply: Approximately 222 million KERNEL tokens

Technical Analysis:

Trend: KernelDAO has recently broken above key resistance levels, signaling renewed bullish momentum.

Resistance Levels: Immediate resistance at $0.22, with potential to test higher levels if momentum persists.

Support Levels: Immediate support around $0.20, with further support at $0.18.

Trade Setup:

Entry Zone: $0.20 – $0.205

Target 1: $0.22

Target 2: $0.24

Target 3: $0.26

Stop Loss: Below $0.18

Risk Management:

Limit risk to 2% of your capital.

Move stop loss to entry once Target 1 is hit, and lock partial profits on the way up.

Market Sentiment:

The recent surge in KERNEL's price indicates strong buying interest and a shift in market sentiment towards bullishness. However, it's essential to monitor for any signs of reversal or consolidation.

Conclusion:

KernelDAO has demonstrated impressive gains, supported by robust technical indicators and increasing trading volume. Traders should remain vigilant, adhering to the outlined trade setup and risk management strategies