KONET is not showing a recovery yet — it is showing a breakdown structure.
KONET is trading near $0.00700 after falling more than 26% in 24H, with the session low at $0.00693.
The key point is not that price is “cheap.”
It is that sellers remain in control across all three visible timeframes.
15M:
• Price ~$0.00700
• MA5: $0.00705
• MA10: $0.00710
• MA30: $0.00723
1H:
• MA5: $0.00709
• MA10: $0.00725
• MA30: $0.00831
8H:
• MA5: $0.00837
• MA10: $0.00937
• MA30: $0.01115
Price is below every major moving average shown. The 1H and 8H structure also remain clearly bearish, while MACD stays below zero.
That makes $0.00705–$0.00725 the main decision zone.
🔴 BEARISH CONFIRMATION:
If price rebounds into $0.00705–$0.00725 and gets rejected, sellers retain control.
A clean break below $0.00693 followed by a failed retest would provide an even stronger continuation-short confirmation.
🟢 INVALIDATION:
A sustained reclaim above the $0.00723–$0.00725 area would weaken the immediate short thesis. A stronger reversal above the recent $0.00770 structure would invalidate the setup more clearly.
The supply side also deserves attention. KONET has a maximum supply of 1B, with roughly 482M circulating. Another scheduled unlock of about 1.8M KONET is due on Nov. 22. Recent unlock data also shows a sharp decline following the Oct. 22 unlock, although that correlation alone does not prove the unlock caused the selloff.
My setup: CONDITIONAL SHORT — not a blind short at $0.00700 after an already-extended drop.
I want either:
1. A rejection from $0.00705–$0.00725, or
2. A confirmed $0.00693 breakdown + failed retest.
Until one of those happens, I would wait rather than chase.
Is KONET preparing for another leg lower, or can buyers reclaim $0.00725 and break the bearish structure?
