๐ KDA Weekly Analysis โ Is a 200% Pump Incoming? ๐
Kadena (KDA) is currently showing strong bullish momentum on the weekly timeframe ๐. We recently witnessed a breakout from a downtrend structure, and now the price is forming an uptrend change of character (ChOCH). This is a key reversal signal, and if momentum continues, a 200%+ move could be in play!
๐ก Key Market Insights:
The MACD indicator is showing that the bearish momentum is slowing down, which further strengthens our bullish bias. The market cap currently stands at $162.2 million, indicating that KDA still has plenty of room for growth.
๐ฅ Crucial Trendline Breakout: ๐ฅ
Thereโs also a major trendline acting as resistance. If price action breaks above this trendline, it will confirm a strong bullish breakout. In that case, we wonโt just be aiming for a 200% moveโweโll be looking at KDAโs all-time high as our next major target! ๐๐
๐ฐ Profit Taking & Future Targets:
We have already booked 25% profit, and weโre now closely monitoring price action for the next breakout. If KDA maintains its momentum and smashes through key resistance levels, it could be on its way to new highs!
โก Stay updated with us for real-time trading insights and key market moves! ๐ฏ