In the latest analysis from Rekt Capital, the expert discussed the price trajectory of Kadena (KDA) and Dogecoin. Kadena has demonstrated notable resilience by successfully retesting a significant Macro Higher Low as support for the past five months.
Despite experiencing several downside wicks that dipped below this Higher Low, KDA has maintained its position, never losing it as support.
This period of stability at the multi-year Higher Low suggests that KDA price may be poised for future gains, particularly aiming toward the red resistance above. Should KDA reach this resistance, the price may attempt to re-enter the black-black range, which spans from $0.85 to $1.52.
This range has historically served as a pivotal area for KDA, acting as a mean-reversion reference point. During bull markets, KDA tends to surpass this range, while in bear markets, it often dips below it.
Looking ahead, KDA’s immediate goal is to solidify its position at the Macro Higher Low, which will serve as a launch pad for its anticipated new Macro Uptrend. The outlook remains positive as KDA continues to hold this critical support level.
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Show more +Show less – Dogecoin to Resume Uptrend Following Successful Retest
The analysis indicates that DOGE has successfully broken free from its Macro Downtrend and has recently retested this downtrend as support. This confirmation marks the end of the Macro Downtrend, and DOGE is now gradually entering a new Macro Uptrend.
To further this upward momentum, DOGE must reclaim the old Range Low at $0.12 as new support. Achieving this would enable a rally across the range towards the mid-range level at $0.16. For DOGE to challenge the Range Highs at $0.20, reclaiming the mid-range will also be essential.
At this juncture, the most critical technical achievement for DOGE is to close monthly (or weekly) above the $0.12 Range Low. Securing this level as support would position DOGE favorably for trend continuation.
Until a confirmed higher timeframe candle close above the $0.12 level occurs, the potential for a retest of the Macro Downtrend remains, especially considering DOGE has consistently retested this support five times over the past five months.
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The post Expert Predicts Uptrend for Kadena (KDA) and Dogecoin (DOGE) After Successful Retest: Key Levels Revealed appeared first on CaptainAltcoin.
