KDA/USDT Analysis
Has the upward trend begun?
The Kadena (KDA) coin is currently trading at $0.6715, with a slight daily decrease of -1.90%, but the broader view on the 3-day timeframe reveals interesting technical signals!
Key technical features:
Strong rebound from the bottom: The price rebounded from its recent low of $0.3214, achieving more than +100% in just a few weeks, indicating notable buying activity.
Moving averages breakout:
The price has successfully surpassed MA(25) and MA(99), and is now settling above the latter at $0.6604, which is a positive signal reinforcing the scenario of continued upward movement.
MA(7) at $0.5613 continues to advance and forms a strong dynamic support.
MACD indicator:
Clear positive crossover above the zero line, with an increase in green bars (upward momentum), indicating a shift in the overall trend in favor of buyers.
What are we watching?
The price is facing direct resistance near $0.72 – $0.75, which is a critical area:
Breaking through it could push the price towards levels of $0.90 and possibly $1.00 in the medium term.
Failing to hold above it may bring the price back to test the dynamic support at $0.60.
Summary:
The KDA coin
shows clear signs of technical transformation, and the breakout of the moving averages gives a positive impression, but we await confirmation of breaking the upcoming resistance to confirm the upward path.
Do you think $KDA
is preparing for a strong launch? Or is a correction coming?
Share your opinion in the comments!
