👉#kda update:
$KDA is currently trading within a descending triangle formation, a structure that often leans bearish but can still offer strong short-term trading opportunities. $KDA is sitting near the bottom support zone, where buyers have stepped in multiple times in the past to defend this level. A reaction from here looks likely, with the immediate upside target being the descending trendline resistance that has been capping rallies for months.
If $KDA can bounce and push toward the 0.37–0.39 zone, traders should watch closely for how price reacts to the trendline. A clean breakout could invalidate the triangle’s bearish bias and open the door for a broader move higher. However, if rejection occurs again at the trendline and KDA breaks below the horizontal support around 0.33–0.34, it would confirm the bearish continuation pattern and expose further downside.
