- Kryll (KRL) formed a hidden bull divergence, indicating a potential trend reversal.
- Volume spikes confirm key price moves, yet declining interest suggests market consolidation.
- KRL’s price action follows classic cycles, indicating a markdown phase before potential recovery.
Prices pulled back further as Kryll (KRL) formed a textbook Hidden Bull Divergence pattern. This setup has historically led to major rallies, with projected targets ranging between $1.10 and $1.50 in the coming sessions.
Market Structure and Momentum Trends
Kryll’s price history shows a high of $4.40 before a steep drop, signaling a change in market sentiment. Initially, the asset displayed relative stability with low volatility followed by a slow upwards trend. As prices rose, decreasing buying pressure was observed as the momentum indicator moved downwards.
KRL broke out, then experienced a sudden price surge leading to a parabolic rally, supported by increased momentum and market participation.
Having reached its peak, KRL entered a corrective phase, leading to a sharp decline. Recovery attempts failed to reclaim prior highs, prolonging bearish trends that pushed the price down.
Hidden Bullish Divergence and Future Outlook
Market analyst Javon Marks analyzed KRL’s hidden bullish divergence, noting that the asset formed higher lows while the momentum indicator printed lower lows. This divergence is a key technical signal that often precedes potential reversals or trend continuations. Currently, KRL is in a downtrend with reduced volatility, forming a potential base for recovery.
Volume activity has shown notable spikes during major price movements, confirming increased participation in key phases of the cycle. Javon Marks highlighted that recent volume patterns indicate declining market interest, suggesting a period of consolidation. The overall price structure aligns with classic market cycles, suggesting KRL is in a markdown phase after its previous significant rally.
According to Javon Marks, KRL’s next move is contingent on demand levels at the current price range. If buying pressure increases, a potential rebound toward resistance zones could occur. However, if demand remains weak, the downtrend could persist until a strong support level is established, confirming whether accumulation is taking place.
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