$KDA on the Move — Proof-of-Work, Proof of Power! 💥💰
The Kadena (KDA) cryptocurrency is back in the spotlight as bullish price activity has begun. 💹⚡ Currently situated trading near the $0.0712 range, momentum is building due to Kadena's Proof-of-Work Layer-1 technology and interesting buzz related to the real-world asset (RWA) integration. 🏗️🪙 Traders are viewing this as a comeback play, especially since Kadena has scalability and energy efficiency on its side. 📈💥
Here is a quick rundown of levels and strategy on Kadena:
• Buying Zone: $0.065 – $0.075 🛒💫
This is the ideal entry range, as long as support continues to hold.
• Stop Loss: $0.055 – $0.060 ⚠️📉
This stops loss will protect against downside if bearish pressure starts again.
• Short-term target profit: $0.125 – $0.150 💰🚀
The is a realistic upside zone if bullish momentum carries forward.
• Support Levels: $0.0507, $0.0527, $0.0551 🧱💎
These zones are key in keeping the current price floor.
• Resistance Levels: $0.0594, $0.0614, $0.0638 🚧⚡
If these levels break, the next leg up will likely trigger from this breakout, as bullish momentum could trigger a chain reaction.
Kadena's rally is a blend of innovation and speculation overall. 🤝🌐 Short-term traders can get in to ride the momentum, but be reminded that the same volatility that generates profit can rapidly turn against you. ⚔️🐂
ALWAYS DYOR
