The Kodiak 2026 chart shows a clear downtrend since its peak in late 2025, currently testing a critical support level around $0.05. Volume has been declining throughout January, indicating a lack of strong conviction from either buyers or sellers. A break below $0.05 with increasing volume could signal further downside towards the $0.03 level, which aligns with the yearly lows. However, the RSI is approaching oversold territory, suggesting a potential for a short-term bounce. If Kodiak can hold above $0.05 and we see a surge in buying volume, a retest of the $0.07 resistance is possible. I'll be watching for a potential double bottom formation at these levels, but would need to see a confirmed breakout above the neckline before considering a long position.

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