After a massive parabolic rally, $KERNEL has seen a sharp retracement, dropping over 70% from its recent high. Price action is showing signs of exhaustion, with lower highs and weak bullish momentum.
Key Points:
Bearish Structure: Struggling to break resistance around the $0.30 zone.
Support Watch: Eyes on the $0.25-$0.26 support range. A break below could accelerate the downtrend.
Short-Term Sentiment: Bearish unless reclaiming and holding above $0.35.
Opportunities: Potential for short setups if rejection continues near resistance levels.
