$KERNEL (Kernel Protocol) Capitulation & Support Hunt 📉
Entry Zone: 0.0720 – 0.0760
Bullish Above: 0.0880
TP1: 0.0910
TP2: 0.0960
TP3: 0.1000
SL: 0.0680
$KERNEL is currently experiencing a heavy sell-off on the 4H chart, down 14.79% and trading at 0.0772. The price action shows a decisive breakdown from its previous consolidation range, with aggressive red candles slicing through local support levels. It is currently testing its 24h low of 0.0764. While the volume on this drop is significant, indicating strong selling pressure, the price is entering a deep oversold territory. For a trend reversal to occur, the bulls need to first stabilize the price and then reclaim the 0.0850 level to prove that the bottom is in. Traders should exercise caution and wait for a clear "higher low" before considering a long position.