Here’s a short technical analysis for $KDA
/USDT with trade signals and target levels:
Technical Analysis:
Current Price: $1.4664
Trend: Bullish momentum with a 30.23% increase in the last 24 hours.
Support Level: $1.0907 (24h Low)
Resistance Level: $1.5640 (24h High)
Trade Signals:
Buy Signal: If price holds above $1.46 and shows upward momentum, enter a long position with strong volume support.
Sell Signal: Watch for price rejection near the resistance level ($1.56), or a break below $1.46 which could indicate a pullback.
Target Levels 🎯:
1. Target 1: $1.55 (Short-term resistance)
2. Target 2: $1.62 (Intermediate resistance, based on recent price movement)
3. Target 3: $1.70 (Long-term bullish target if momentum continues)
Trade Momentum:
Momentum Indicators: Price has strong bullish momentum based on the 30.23% rise. Monitor volume for confirmation.
Risk: Tight stop loss below $1.46, in case of a reversal.
This short-term bullish outlook relies on maintaining momentum above current levels.