Kadena (KDA) from last two years was falling, this is the first time from then that the price has managed to hold above the 21 MA and 50 moving average and now seems to be in an uptrend on the daily time-frame. KDA have space for the growth in its price and can be considered as a buying opportunity, I am aiming for 7.7usd per coin in the upcoming months.
Note-...
Kadena (KDAUSDT) is having one of the strongest rebounds from the top 100 cap coins. Besides the fundamentals involved, a key technical reason is the fact that it entered the long-term Buy Zone and almost hit the bottom (Higher Lows trend-line) of the Fibonacci Channel pattern that formed since its first trading days.
However this rebound may be short-lived as...
KDAUSD has been on fire recently and that bullish short-term trend broke above the 1D MA50 (blue trend-line) today. The last time it did so on December 27 2021, it was a fake break-out but on a long-term scale, it resembles more the bullish break-outs of August 08 2021 and January 25 2021. The CCI sequences between the three phases are very similar.
The CCI...
