Price: 0.1221 | EMA7: 0.12 | EMA25: 0.13 | RSI14: 31.32 | Resistance: 0.267 | Support: 0.1198 | Average Volume: 6488909.01 | Volume Trend: Decreasing
Based on the 4h technical analysis of KERNELUSDT, here's a brief analysis:
The current price (0.1221) is below EMA7 (0.1245) and EMA25 (0.1339), indicating a downtrend. RSI14 (31.32) is nearing oversold territory, suggesting a potential reversal. MACD (-0.0075) is in negative territory, confirming the downtrend.
Best Long entry: Wait for a bounce back above EMA7 (0.1245) and a confirmed RSI14 recovery above 40; consider entering around 0.1280.
Best Short entry: If the downtrend continues, consider shorting near the resistance level (0.267) or on a retest of EMA25 (0.1339).
Best spot buy price: Around 0.1190-0.1200, near the support level (0.1198), for a potential long-term entry.
Keep an eye on the decreasing volume trend; a surge in volume could validate a potential reversal.