$KERNEL showing signs of weakness after breakdown below $0.144
š Now at $0.1380 ā down 2.27% daily, bears taking control with lower highs
š„ 24h Vol: 6.65M KERNEL | Eyes on defending $0.1368 support
Technical Analysis:
Critical support broken at $0.144; now acting as resistance
Lower highs and lower lows forming on the 4h chart
Selling pressure evident with volume increasing on down moves
Previous support at $0.144 now resistance; next support at $0.1309 and $0.1368
24h low at $0.1368; further downside risk if this breaks
Targets:
šÆ Short-term: $0.1360 (~1.5% downside)
šÆ Medium-term: $0.1309 (~5% downside)
šÆ Bounce target: $0.144 (~4.3% upside if reclaimed)
Risk Assessment:
Bearish momentum accelerating after support loss
Dead cat bounce risk near $0.1310ā$0.1370 if selling exhausts
Market sentiment negative; volatility remains high
Confirmation needed for reversal above $0.144
DYOR (Do Your Own Research)
Is this the start of a deeper correction? DYOR
