$KERNEL appears to be showing early signs of fatigue following its recent aggressive rally, which propelled it from lows near 0.0627 up to peaks around 0.0716. We're now seeing a pullback in play, with recent candles displaying clear rejection at higher levels alongside some emerging selling pressure—while 24-hour volume remains elevated (over 9M KERNEL), it may be topping out and losing steam.

Unless price manages to push back above and sustain through the prior high area of 0.0710–0.0715, the path of least resistance points to further downside in this corrective phase after the breakout. This remains the favored scenario for now, even with the project's strong restaking narrative and growing ecosystem momentum supporting longer-term potential.

Trade Idea

Entry zone: 0.0705 – 0.0715

Profit targets:

T1: 0.0680

T2: 0.0650

T3: 0.0620 and below

Invalidation / Stop Loss: 0.0725

Risk remains to the downside until that key resistance zone is convincingly reclaimed. Always manage position size carefully.