$KDA /USDT: Tension Builds as Bulls Knock Again
Kadena (#KDA/USDT ) is showing signs of a potential rebound, but it’s not out of the woods just yet. On the 1-hour chart, after tapping a local high at $0.7074, price faced a notable pullback, retracing to a low around $0.6684 before catching support. The recent green candles show buyers stepping back in, and now KDA is trading at $0.6942—just below the resistance zone near $0.6980 to $0.7074.
This recovery push is significant, especially since it comes after a higher low formation. That’s typically a good sign that bullish momentum is returning, provided it can break above the $0.7074 ceiling. If that level gives way, KDA could aim for a move toward the $0.72–$0.75 zone in the short term.
However, if bulls fail to reclaim that resistance decisively, there’s a risk of another dip back to retest $0.67 or even the $0.66 support region. Overall, the chart is leaning bullish, but it’s knocking on the door of a key level—and what happens next could define the near-term trend.
Trade Setup For #kda /Usdt Based On The Chart:
Trend: Short-term bullish recovery after a pullback.
Current Price: $0.6942
Key Resistance: $0.7074 (breakout level)
Support Zone: $0.6680 – $0.6650
Trade Idea (Long Bias):
Entry: On breakout above $0.7075 with strong volume
Stop Loss: Below $0.6670
Target 1: $0.7250
Target 2: $0.7450
Risk-to-Reward: Approximately 1:2 or better depending on entry execution
