In this Kadena technical analysis, we will examine the current price action, trading volume, key levels and indicators for KDA-BTC. Kadena is a blockchain-based platform that enables the development of decentralized applications (dApps) with scalability and interoperability. Its novel consensus algorithm, called “Proof-of-Work and Proof-of-Stake” (PoW & PoS), allows for both high security and high transaction throughput, making it an attractive option for dApp developers. Additionally, Kadena’s modular architecture and flexible smart contract system make it easy to build and deploy a wide range of dApps on the platform.
Kadena Price Overview:
As of May 13, 2024, Kadena is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for KDA-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 69,370.46 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Kadena reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for KDA-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Kadena is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.48% |
| 3D Change (%) | -4.46% |
| 7D Change (%) | -7.61% |
| 30D Change (%) | -12.84% |
| 90D Change (%) | -42.30% |
| YTD Change (%) | -60.06% |
Over the past three days, KDABTC has dropped by approximately -4.46%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -7.61%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with KDABTC maintaining a downward trend of approximately -12.84%, despite intermittent fluctuations. Examining the last 90 days, KDABTC has witnessed substantial fall of approximately -42.30%, reflecting strong long-term confidence. Year-to-date, KDABTC has steadily dropped by around -60.06%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Kadena Live Chart:
You can access a live price chart for KDA-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.36274.
- Momentum score is -0.12109.
KDA BTC Technical Analysis
Kadena Trading Volume:
The trading volume for Kadena (KDA) over the past 24 hours has been insignificant, with approximately 69,370.46 BTC traded against KDA. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): KDA is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Kadena is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for KDA-BTC is currently in the low zone, around 34.86575. This suggests that Kadena is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Kadena (KDA-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Acknowledge bearish outlook for Kadena (KDABTC) at 1.26e-05 BTC with technical analysis, emphasizing weakened support and cautionary indicators.
Missing our detailed breakdown on KDA USDT Kadena Technical Analysis would be a lost opportunity if you found value in this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.