$KGEN Short Liquidation Update
$1.5907K liquidated at $0.24835
Market Overview
KGEN printed a short liquidation at $0.24835. While the size is smaller, it still shows buyers defending higher levels and flushing shorts. Price action has been volatile recently, with the token swinging in a relatively wide range.
Key Support & Resistance
Support
Immediate: $0.230 – $0.235
Strong: $0.215 – $0.220
Major: $0.200 – $0.205
Resistance
First: $0.250 – $0.255
Strong: $0.265 – $0.270
Next: $0.280 – $0.290
Next Move
The short liquidation is a constructive short-term signal. Holding above $0.240 keeps bulls in control. A decisive break above $0.255 would favor further upside. Failure to hold $0.230 risks a deeper pullback.
Trade Targets (Long Bias)
TG1: $0.260
TG2: $0.275
TG3: $0.290
Short & Mid-Term Insights
Short-term: Expect chop around the liquidation zone. Confirmation above $0.250 is key.
Mid-term: Clearing $0.270 would improve the structure toward higher targets.
Pro Tip
On lower-liquidity names like this, wait for volume confirmation after the liquidation. Fakeouts are common — let the market prove the move first.
#USDC supply and transaction growth
