Kyverna Therapeutics had a rough day and is now down -5.43%. Investors weren't too impressed with the future outlook for the asset which caused some selling on weak demand. It looks like KYTX may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line KYTX is near a weak support line. We'll see if it bounces off or heads lower. KYTX hasn't had very clear momentum over the last 3 months in either direction. Which makes it a little harder to predict. But hasn't shown the selling pressure to make
me feel certain it will break through the line.
If we get a reversal off of support and Kyverna Therapeutics starts moving up, it can probably get to $9.98 at which point it'll need to break through that resistance level in order to keep moving higher. If it punches through this support level, it can easily push down to $6.7 where it may meet further support, hopefully it can consolidate around that point.
