- KernelDAO price has stabilised in the support zone between 0.1404 and 0.1535.
- Price broke its descending triangle pattern with targets near 0.1657, 0.2009, and 0.2344.
- Indicators show a bullish crossover, this shows short-term recovery and increasing buying interest.
KernelDAO’s price recently dropped sharply by almost 40% in a short time.Traders are watching closely as the market reacts to these changes. The token is showing some signs of recovery.
Price Movement and Patterns
The KERNEL fell from about 0.2344 to near 0.1404, then steadied between 0.1404 and 0.1535 USDT. The price also formed a descending triangle pattern, with lower highs meeting support near 0.1535 USDT.This area shows strong buying support.
Price has broken above the triangle’s resistance line, which points to growing buying strength. Targets to watch include 0.1657, 0.2009, and 0.2344 USDT. Popular trader Crypto Candy mentioned this breakout has seen a 15% gain so far, and he is expecting more to come.
Indicators and Volume
The MACD indicator gave a bullish signal after its trend line crossed above the signal line,and the RSI rose from a low near 20 to about 50, moving from oversold to neutral. This suggests a possible trend change.
This means the momentum is improving. The volume stayed high during the recovery, indicating buyers are active. These signs point to short-term strength, but the earlier drop means caution is needed.The price bounced back to $0.1762, showing buying interest.
Market After the Drop and What’s Next
After the sharp fall, KernelDAO’s price became more volatile with several recovery attempts. It formed a bottom near $0.13 before rising to around $0.175. However, it still hasn’t gone back above $0.20, showing the market is still adjusting.
Trading volume remains strong, showing many traders are involved. This could mean either long-term holders are buying or short-term traders are active. Until the price breaks above $0.20, more sideways movement and small drops may happen.
With the majority of Altcoins recovering from the recent mass liquidation, KERNEL could be among the top gainers. If momentum and volume hold steady the token could see notable gains in the coming days.
