$KDA /USDT Daily Chart Analysis – 🚀 Bullish Momentum with Caution at Overbought Levels

Current Price: $0.6428 (+14.01%)

Daily Range: High: $0.6541 – Low: $0.5494

🔹 Key Technical Insights:

Trend & Price Action:

✅ KDA has surged by +14.01% today, indicating strong bullish momentum.

✅ The price is above all major moving averages, confirming a continuation of the uptrend.

✅ The Bollinger Bands are expanding, suggesting increased volatility and potential for further price movement to the upside.

Moving Averages (MA):

✅ SMA 5, 10, 20, 50 → All Bullish → Confirming the strength of the uptrend.

Momentum Indicators:

RSI (D: 84.11, 15: 57.53, 60: 70.42, 240: 79.88) → Overbought levels ⚠️

Stochastic RSI: Bullish crossover → Indicates continued upward momentum ✅

MACD: Bullish crossover → Further confirmation of trend strength ✅

ADX: Bullish crossover → Indicates a strong trend with increasing strength ✅

MFI (Money Flow Index): Overbought → Potential for a pullback ⚠️

VWAP: Uptrend → Indicates continued buying pressure from institutions ✅

📉 Support & 📈 Resistance Levels:

📈 Resistance: $0.6541, $0.70, $0.80

📉 Support: $0.5494, $0.50, $0.45

⚠️ Outlook & Trading Plan:

✅ Bullish Scenario: A break above $0.6541 could lead to further upside toward $0.70 - $0.80.

⚠️ Bearish Risk: Overbought conditions suggest the potential for a short-term pullback to $0.5494 or lower.

📢 Conclusion:

KDA/USDT is currently experiencing strong bullish momentum, with most indicators signaling continued upward movement. However, caution is advised due to the overbought RSI and MFI, which could indicate a short-term pullback. Watch for any price retracements for better entry points or further confirmation of trend continuation.

#KDA #Crypto #Trading #TechnicalAnalysis 🚀