$KERNEL /USDT-Neutral to Bullish Above $0.20

Current Price: $0.2080

24h Change: +4.79%

24h High/Low: $0.2122 / $0.1927

24h Trading Volume: Around $75.5M

All-Time High: $0.47

All-Time Low: $0.0931

KERNEL is currently trading at $0.2080, showing a 4.79% increase in the last 24 hours. The price remains above the key support level of $0.20, indicating a neutral to bullish trend. Resistance is observed around $0.22, while support is near $0.19.

Fibonacci Levels: Retracement Status & Price Zones

0.236 Retracement: Approximately $0.21, aligning with the recent intraday high.

0.382 Retracement: Around $0.19, coinciding with the 38.2% Fibonacci level.

0.5 Retracement: Near $0.18, a deeper support level.

0.618 Retracement: Close to $0.17, a critical support zone.

These levels suggest that KERNEL is testing the 0.236 retracement level, indicating a potential for upward movement if the support at $0.20 holds.

📊 RSI: 53 – Neutral Momentum

The Relative Strength Index (RSI) is currently at 53, indicating that KERNEL is neither overbought nor oversold. This neutral stance suggests room for upward movement, especially if the price maintains above key support levels.

Entry Zones

Safer Entry: Consider entering around $0.20 with a stop-loss below $0.19.

Aggressive Entry: A breakout above $0.22 could offer an entry point with a stop-loss near $0.20.

Take-Profit Zones

TP1: Target around $0.23, a psychological resistance level.

TP2: Aim for $0.25, aligning with previous resistance zones.

Stop-Loss Ideas

Conservative: Place a stop-loss at $0.19 to account for potential market fluctuations.

Tight: Set a stop-loss near $0.20 to minimize risk, but be aware of potential volatility.