🚨 $KDA /USDT Breakout Alert: Momentum Building Strong! 🎯
Kadena ($KDA ) is on a bullish spree, currently trading at $1.7594, up an impressive +39.27% in the past 24 hours. With its recent price surge and high trading volume, this DeFi powerhouse is positioned for another major move. Here's what traders need to know:
Key Targets to Watch
1️⃣ Target 1: $1.83 – Immediate resistance level. A breakout here could ignite a fresh rally.
2️⃣ Target 2: $1.90 – A mid-level target as bullish sentiment strengthens.
3️⃣ Target 3: $2.00 – A psychological milestone that could solidify the uptrend if achieved.
Support Levels
Primary Support: $1.70 – A crucial zone to maintain upward momentum.
Secondary Support: $1.55 – Watch this level if $1.70 fails to hold.
Trading Volume Insights
24-Hour Volume: $62.78M (KDA)
USDT Volume: $97.33M
The increased trading activity highlights heightened market interest, fueling the ongoing uptrend.
Trading Strategy
💡 Bullish Play: Look for a confirmed breakout above $1.83, targeting $1.90 and $2.00. Secure profits gradually to maximize gains.
⚠️ Bearish Play: If $KDA fails to hold $1.70, consider short positions targeting $1.55.
Final Takeaway
KDA's strong momentum makes it a prime candidate for traders seeking short-term opportunities. Monitor the chart closely for breakouts or retracements and manage risk effectively.
Will KDA hit $2.00 next? Let us know your thoughts!