KADENA (KDA) COINS WILL RISE THIS WEEK

Price
$1.23 (9.62 %)
฿0.00002398 (10.18 %)

Market Cap
$326 292 735
฿6 347.67

Volume (24h)
$27 084 050
฿527.08

Supply
1 000 000 000 (Max)
263 900 709 (Available)

KDA #kadena consolidated through January after Q4's rally, with a bullish impulse happening yesterday.

If this impulse signals the start of a new uptrend, mid-February's highs near $1.1981 could offer the first support - particularly before Friday's SpireKey launch. The odds of this level providing support increase if Monday's low closes above this price, forming a daily gap through the highs.

A break of this support might test February 21st's downcandle for support. Bulls accumulated near the 40 EMA in this candle before breaking the highs near $1.1981.

Yesterday's rally stalled near $1.2518, where bears rejected bulls during the week of January 8th. If Bitcoin continues its climb, bears' stops above January 14th's swing high at $1.3760 may help draw the price into and possibly through this resistance.

Above this high, more profit-taking could occur near $1.4050. Bears rejected bulls three times near this level on December 25th, December 27th, and January 1st at the lower quadrant boundary of December's monthly wick and December 25th's weekly wick.