KDA has been performing well recently and has attracted much attention today.
The reason is mainly because BN announced that it will launch a USD-margined perpetual contract for KDA. This news has aroused widespread interest in the market and also pushed up prices.
However, the question is whether this wave of enthusiasm can continue or is it just a short-term rebound?
From a technical point of view, KDA has received strong support near $0.4, temporarily stopping the downward trend. The next step depends on whether it can break through the resistance level of $0.66.
If it successfully breaks through, it may move towards $0.86, $0.95 or even $1.
However, although KDA performed well today, it is too early to draw a conclusion. Only when KDA stands firmly on $0.66 can we be more optimistic about its subsequent gains. If it fails to break through this key position, it is not completely impossible to fall back to around $0.5 or even $0.41.
The increase in trading volume also shows that the market's confidence in KDA has increased, but to break through the important level of $0.66, the trading volume needs to be further enlarged.
In general, KDA's recent rise is encouraging, but whether it can achieve a real reversal still needs to pay attention to whether it can cross the resistance level of $0.66, and the future trend still needs to be observed carefully.
