Kadena’s price analysis has turned bullish over the past 24 hours as the bears lost control over the market. The KD A/USD pair is currently trading at $1.47 after hitting a high of $1.30 earlier today. The market has found some support at the $1.0 level, and it looks like the bulls are trying to take control of the market.
The KDA/USD pair is facing strong resistance at the $1.48 level, and if the bulls can break through this level, we could see a move toward the $1.50 level. However, if the bears take control of the market, we could see a move back toward the $1.45 level. Overall, Kadena price analysis remains bullish in the short-term with a possible move towards the $1.50 level.
Kadena’s (KDA) price analysis has turned bullish in the short term as the bulls take control of the market. The KDA/USD pair is facing strong resistance at the $1.48 level, and if the bulls can break through this level, we could see a move toward the $1.50 level. However, if the bears take control of the market, we could see a move back toward the $1.45 level.
What does technical indicators suggest about Kadena (KDA)?
The current Relative Strength Index (RSI) is 61.53, which suggests that the market will experience a rise in prices (termed “bullish territory”). The Moving Average Convergence Divergence Line (MACD) is sloping upwards, further supporting bullish price movements soon.
The stochastic oscillator is currently in overbought territory, but it looks like it is about to turn lower. Overall, the technical indicators are all pointing to a possible move to the upside in the short term.
The current Relative Strength Index (RSI) is 61.53, which suggests that the market will experience a rise in prices (termed “bullish territory”). The Moving Average Convergence Divergence Line (MACD) is sloping upwards, further supporting bullish price movements soon.
The stochastic oscillator is currently in overbought territory, but it looks like it is about to turn lower. Overall, the technical indicators are all pointing to a possible move to the upside in the short term.
Conclusion
The market is starting to turn bullish, and the bulls are in control of the market. The next level of resistance is at the $1.60 level, and if the bulls can break above this level, they will most likely push toward the $2.0 level. On the other hand, if the bears take control of the market, they will most likely push toward the $1.0 level again.
