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Kadena(KDA), made its investors happy with about 150 percent movement in two weeks with the uptrend it started. Here is KDA analysis and important levels we prepared for you!
Kadena Coin is the cryptocurrency used on the Kadena blockchain. KDA Blockchain is high performance, scalable and designed for both public and private chains. Kadena Coin is used to execute transactions on the chain and reward miners.
For detailed information about Kadena(KDA), you can check our article titled “What is Kadena Coin?” that we prepared!
KDA Coin managed to make its investors happy with approx. 105 percent movement in two days, and about 150 percent movement in three weeks, by changing the market structure upward after breaking a major resistance level about two weeks ago. $KDA is currently trading at $1.470.
From last June to the beginning of December, $KDA, which was accumulated by maintaining its movement between the levels of $0.410 – $0.700, changed the market direction upward by volumetrically breaking this region on December 5. After the price broke this area, it managed to rise up to $1.699 level following its retest. Seeing a daily closing on this red area, which is an important S&R Flip area, is very important.
In case we see a daily closing above this region, it is likely that the price would aim for open liquidity areas at the top. These levels are respectively $1.798 and $2.450.
We believe it is risky to buy from these areas unless the price makes a closing above the red area and the rise is not supported by additional confirmations. On pullbacks, $1.145 levels can be followed as the first area where the price might hold.
You can use major exchanges like Binance, OKX, Bybit to buy KDA Coin. You can check HERE to register these exchanges with discounted commission rates.
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