$KERNEL /USDT Current price is showing moderate bearish pressure with a −1.83% change in the last 24 hours, trading around 0.0753 USDT. After a brief consolidation and a failed push above 0.0762, price faced rejection and moved sharply toward the intraday low near 0.0746, signaling short-term weakness.
On the 1H timeframe, multiple bearish candles and long wicks suggest selling pressure from the highs. However, the reaction from 0.0746 shows buyers are still defending this zone, making it a key level to watch.
Market Structure Overview
Trend (short-term): Bearish to neutral
Resistance: 0.0760 – 0.0765
Support: 0.0745 – 0.0740
Momentum: Weak, with volatility expanding after rejection
A breakdown below the support zone may open the door for a deeper pullback. On the other hand, a strong reclaim of resistance with volume could invalidate the bearish setup.
Trade Setup (Short-Biased)
Entry Zone:
• 0.0758 – 0.0763
Target 1:
• 0.0750
Target 2:
• 0.0742
Target 3:
• 0.0732
Stop Loss:
• 0.0768
Alternative Scenario
If price breaks and closes above 0.0765 with strong volume, bearish pressure weakens. In that case, a short squeeze toward 0.0775 – 0.0785 becomes possible, and shorts should be avoided.
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