TL;DR Breakdown
- Kadena shows remarkable gains of more than 900 percent over the last month.
- Kadena price analysis is strongly bullish today.
- The KDA bulls continue to make new discoveries.
The Kadena price analysis reveals the cryptocurrency is in full bullish swing today as it has broken out to a new record high above $27. The bullish momentum is quite strong and aggressive, as the bulls are leading the price function for the third day consecutively. Kadena started upside again on 9th November, after correcting on 8th November, which continues till date.
Kadena’s price had multiplied well since 18th October, when it was capped at $2.8. It has gained around a thousand times value since then, as it is trading in the $27 range today. It’s an unbelievable journey from $2.8 to $27 in just 24 days.
KDA/USD 1-day price chart: KDA bulls on the march towards new discoveries
The 1-day price chart for Kadena price analysis shows a high spike in price today as well as the price has now reached $27.1 at the time of writing. The coin has gained a value of around 10 percent over the last 24 hours and has gained a value of 203 percent over the last week, subtracting the losses of the days of correction. The trading volume has also increased by 29 percent, and the market cap has improved by 11.33 percent.
The volatility is still on the increasing side as the Bollinger bands are expanding drastically as the price continues to rally high. The upper band is at the $23.4 mark representing support for the coin, and the lower band is at the $-1.61 mark, making an average at the $16.3 mark.
The relative strength index (RSI) also rallied high inside the overbought zone and has reached index 83, indicating intense buying activity of KDA/USD in the market.
Kadena price analysis: Recent developments and further technical indications
The 4-hour Kadena price analysis shows the price is on the rise today. The last correction was observed just four hours ago, and the bulls gained control back soon and are continuing their endeavor till now, as the price has been covering range upwards again. Today’s price pattern is interesting as the price is correcting after every four hours, but the bullish impulse is overpowering the bearish side, and a good increment is observed during every bullish episode.
The volatility is also high on the 4-hour chart as the volatility indicator is expanding massively, with the upper band at $27.5 representing resistance for the KDA/USD, the lower band has reached $13.84, indicating a highly volatile situation. The moving average is present at $23.8, and the RSI has reached index 69 near the overbought region.
Kadena price analysis: Conclusion
The Kadena price analysis suggests that the cryptocurrency is highly bullish and highly volatile as well, as the lower Bollinger band is in the negative range on the 1-day price chart. However, cryptocurrency is moving up the ladder and trading in bulls. We expect the Kadena to continue upside for at least today also.
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