$KGEN is showing signs of short-term weakness on the 1-hour timeframe after a sharp rejection from its recent rally, currently trading around $0.08195.
Price is approaching a key demand zone between $0.0660 and $0.0680, which could attract buyers and provide a base for recovery. Meanwhile, the major overhead supply region sits around $0.0940 – $0.0970.
The technical outlook suggests a corrective move into the lower demand shelf to sweep liquidity before a potential recovery toward the upper supply zone. A reaction from the demand area will be important in determining whether bullish momentum can resume.
#Altcoin Season#
Crypto#Crypto
#Macro Insights#
Price is approaching a key demand zone between $0.0660 and $0.0680, which could attract buyers and provide a base for recovery. Meanwhile, the major overhead supply region sits around $0.0940 – $0.0970.
The technical outlook suggests a corrective move into the lower demand shelf to sweep liquidity before a potential recovery toward the upper supply zone. A reaction from the demand area will be important in determining whether bullish momentum can resume.
#Altcoin Season#
Crypto#Crypto
#Macro Insights#
