Kda coin price is currently trading within a Symmetric Triangle pattern on the daily chart.
The Kda price has experienced a rapid 12% decline, forming a three-black crow pattern in the daily chart.
As the downward momentum continues, a second rejection rally is observed, originating from the overhead resistance trendline.
Rejection at the overhead resistance trendline is leading to the formation of a third consecutive bearish candle on the daily chart.
Today's intraday decline of 1.77% in Kadena price might contribute to completing the three black crows pattern.
The ongoing downtrend is poised to challenge key support levels, including the rising 50-day EMA, the psychological $1 mark, and various Fibonacci levels.
A potential drop below these levels could prompt a retest of the rising support trendline at $0.85 in the Kadena coin.
According to Coingabbar prediction, Kda Price Prediction 2030 will be worth between $10.00.
KEY LEVELS :
RESISTANCE LEVEL : $1.500-$2.000
SUPPORT LEVEL : $0.900-$0.600
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
