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KDAUSDT

KDA/USDT - Kadena: BBand Breakout◳◱ On the $KDA/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.624 | 0.642 | 0.678 and support near 0.588 | 0.57 | 0.534. Entering trades at 0.724 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Kadena ▣ Rank: 224 ▣ Exchanges: Binance, Kucoin, Bybit, Gateio, Bittrex, Hitbtc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Kadena is a public blockchain that aims to optimize for scalability and features a new smart contract language, dubbed Pact, which comes equipped with formal verification and upgradeable smart contracts. Kadena also uses a new Proof-of-Work (PoW) consensus mechanism called Chainweb that consists of multiple individually mined chains working in parallel to execute network transactions. This design theoretically supports a high-transaction throughput at the base-layer without the need for any second-layer scalability or functionality solutions. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.724 ₮ ▣ 24HVol: 9,573,144.443 ₮ ▣ 24H Chng: 16.963% ▣ 7-Days Chng: 18.22% ▣ 1-Month Chng: 27.38% ▣ 3-Months Chng: 52.95% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.624 | 0.642 | 0.678 ◢ Support: 0.588 | 0.57 | 0.534 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 2.51 ▣ Last 90D: 1.84 ▣ Last 1-Y: -0.38 ▣ Last 3-Y: 0.97 ◲◰ Volatility : ▣ Last 30D: 0.82 ▣ Last 90D: 0.68 ▣ Last 1-Y: 0.74 ▣ Last 3-Y: 1.41 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.71 - Bullish ▣ Reddit sentiment score is 0.74 - Bullish ▣ In-depth KDAUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
KDA/USDT bullish horizons? 👀 🚀 Kadena Today analysis 💎 Paradisers, brace yourselves for a promising venture with KDAUSDT. The asset is currently navigating within a demand zone, signaling a heightened likelihood of a bullish trajectory. 💎 A recent development to highlight is its break from a descending trendline, which previously acted as resistance. This upward shift is further accentuated by the transformation of an overhead supply into a demand zone, bolstering bullish sentiments. Given its current position within the demand zone, the odds favor a bullish surge. 💎 Should this bullish momentum persist, the initial expectation is a retest of the .561 resistance level. A breach of this threshold could further amplify the chances of challenging a more formidable resistance level above. 💎 On the flip side, if the price descends below the current demand zone, there's a probability it might revisit the trendline once again
Long
by MyCryptoParadise
3
KDA Getting Ready For Bullish Surge? Kadena Today Analysis 💎Yello, Paradisers, get ready for action! KDA/USDT is teetering on the edge of a bullish breakout, poised to escape its downward channel and kickstart an upward journey. 💎Recently, Kadena (KDA) has been gravitating around a crucial support area. With trading volume on the rise, we're optimistic about a forthcoming bullish swing. 💎After initially setting equal highs, the price took a notable nosedive, signaling a shift in market sentiment and prolonging its bearish course. 💎However, bullish indicators are starting to resurface, and we expect the KDA to aim for the looming supply zone soon. 💎A word of caution, If the price breaks below the support amid market fluctuations, gear up for a potential bearish continuation. 💎Stay tuned for more real-time updates and trading insights!
Long
by MyCryptoParadise_Simon
Kadena's DCA Zone (Gems edition)What Problems Does Kadena (KDA) Attempt to Fix? Kadena (KDA) solves a variety of problems that continue to hinder large-scale blockchain adoption. For one, it helps to reduce inefficiencies due to inoperability across industries. The network’s multi-layer structure enables it to unite public applications, private blockchains, and other networks in a secure and seamless manner. Kadena users can avoid network congestions thanks to the unique technical structure of the protocol. Kadena braids together multiple blockchains that share the same cryptocurrency to provide vertical scalability far beyond other PoW networks. This strategy enables it to expand or contract to meet the needs of the community. Notably, Kadena’s public blockchain performed a live network expansion from 10 chains to 20 chains in 2020 to demonstrate this capability to the market. Do youalso feel it is a gem for the next bull market?!
by The3eyedFrog
14
KDA AnalysisKUCOIN:KDAUSDT KDA failed to rally through resistance (R1) over the weekend and has since retraced to the 38.2% Fib level around $1.15. With the fed announcement likely to stir volatility across the markets I'd wager we likely come down to the area where S1 aligns with the trendline and the 50% retracement level at around $1.10. This also would be the breakout level from the Adam & Eve bottoming pattern formed from the November and Jan lows. Should be a strong level to bounce from, and we'll likely see some attempt here depending on how things react to the fed rate announcement. Whatever the news, good or bad, I think this bounce probably gets faded. Knowing crypto it will need to break this trend line and consolidate closer to the 61.8% level around $1.03. We'll probably get several touches on $1.00 and maybe one or two wicks below. These will likely get bought up at around .95 cents, which is the 78.6% fib level. Should we rally from there, it would be hard to ignore the possibility that the "Adam & Eve" bottom could actually have been an incomplete Inverted H&S. If KDA can put the floor in at those levels I think it's highly likely.
Long
by JNor