$KERNEL 𝐀𝐍𝐀𝐋𝐘𝐒𝐈𝐒 𝐨𝐧 𝐭𝐡𝐞 𝟏𝟓-𝐌𝐈𝐍𝐔𝐓𝐄𝐒 𝐂𝐇𝐀𝐑𝐓
Price Action
- Current Price: $0.2083
- 24h Change: -20.04%
- 24h High / Low: $0.2612 / $0.2062
- The price is showing a **clear downtrend**, forming lower highs and lower lows.
- Most recent candle tested the support at $0.2062 and slightly bounced.
Moving Averages
- MA(7): 0.2116 (Yellow)
- MA(25): 0.2148 (Pink)
- MA(99): 0.2316 (Purple)
- All short-, mid-, and long-term moving averages are above the current price, signaling a strong bearish trend.
- No crossover suggesting a reversal yet.
Volume
- Slight uptick in recent volume, indicating some interest near the support level.
- Previous red bars show high selling pressure, but recent green volume suggests a potential accumulation or short-covering.
Stochastic KDJ
- K: 26.78
- D: 35.95
- J: 8.45
- The J line is extremely low, indicating that the token is *deeply oversold*. A reversal might come soon if buyers step in.
RSI(6)
- RSI: 29.55
- Also signaling oversold territory, adding to potential for a short-term rebound.
Conclusion
- Bearish trend remains dominant, but indicators are showing oversold conditions, which could lead to a temporary bounce.
- Watch for confirmation with volume and price holding above $0.2062.
- Safer to wait for a trend reversal or entry around key support if holding long.