📊 Technical Analysis: KERNEL/USDT – Breakout and Recovery
In this analysis, we observe the KERNEL/USDT pair at a moment of short-term reversal on the intraday chart. Check out the key technical points:
1. Price Action
The asset shows an appreciation of +9.82%, quoted at $0.0682. We notice a clear formation of a "bottom" in the $0.0665 region, followed by a sequence of higher highs and higher lows, which characterizes a micro-uptrend on the smaller time frame.
2. Moving Averages (MA)
MA60 (Gray Line): The price managed to break above the 60-period moving average.
Technical Signal: When the price trades above the MA60, immediate selling pressure decreases, and the average acts as a dynamic support in case of a correction.
3. Volume and Liquidity
The volume in the last 24h was 45.06M KERNEL, indicating healthy liquidity for retail operations.
We observe peaks of buying volume (green bars) coinciding with the price increase, which validates the strength of the movement.
💡 Insights for the Trader
Immediate Resistance: The region of $0.0695 (24h high) is the next target to be tested.
Critical Support: The zone of $0.0677 (where the MA60 is positioned) is essential to maintain the uptrend structure.
Risk Management: Be aware of the volatility in the DeFi sector, which tends to be higher than the market average.
Note: This analysis is for educational purposes and does not constitute investment advice. Always do your own research (DYOR).
