$KERNEL (Kernel Protocol) Technical Analysis: Testing Key Liquidity Zones 📉



​Entry Zone: $0.0920 – $0.0960
Bullish Above: $0.1080
Target 1 (TP1): $0.1120
Target 2 (TP2): $0.1250
Target 3 (TP3): $0.1400
Stop Loss (SL): $0.0890

​$KERNEL is currently experiencing a significant retracement on the 1H chart, trading at $0.0972 with a -11.48% decline. The price action shows a clear bearish descent from a 24h high of $0.1104, with the asset currently hovering just above its 24h low of $0.0966. This persistent "staircase down" pattern indicates that sellers are currently in control, and the asset is searching for a stable demand zone to halt the slide.

​The 24h trading volume is relatively light at 11.06M KERNEL (approximately $1.13M USDT), suggesting that while the price is dropping, it may be due to a lack of buyer interest rather than high-conviction institutional selling. To neutralize this bearish bias, $KERNEL needs to reclaim the $0.1050 level as support.

#kernel #KernelProtocol #GateSquareAprilPostingChallenge
KERNEL-7,97%
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