๐ $KDA /USDT SOARS WITH BULLISH MOMENTUM ๐๐
Kadena (KDA) has shown a significant upward movement against Tether (USDT), currently trading at $1.4785, marking a remarkable 33.09% increase in the last 24 hours. This surge is highlighted by a sharp spike in the 4-hour chart, reaching a high of $1.5640 before a slight pullback to $1.5023.
๐ Current Market Conditions
The current market conditions indicate a strong bullish trend, with KDA breaking through previous resistance levels. The 24-hour trading volume for KDA stands at 36.87M, while USDT's volume is at 50.85M, reflecting high trading activity and investor interest.
๐ Trade Scenarios
- Bullish Scenario: If the bullish momentum continues, KDA could retest the recent high of $1.5640 and potentially aim for the next resistance at $1.5963.
- ๐ฏ TP: $1.5963
- ๐ SL: $1.3600
- Bearish Scenario: If the price fails to sustain above $1.5023, a retracement towards the support level at $1.3600 could be expected.
- ๐ฏ TP: $1.3600
- ๐ SL: $1.5640
๐ Market Outlook
The overall market sentiment for KDA/USDT remains bullish, with strong buying pressure and high trading volumes. Traders should watch for any signs of reversal or consolidation around key levels to make informed trading decisions.
#Crypto #Kadena #Trading #Bullish #MarketAnalysis ๐๐
