In this Kadena technical analysis, we will examine the current price action, trading volume, key levels and indicators for KDA-USDT. Kadena (KDA) is a proof-of-work blockchain that utilizes a novel consensus algorithm called “Pact” to achieve high security and scalability. With Pact, Kadena can process over 1,000 transactions per second while maintaining a decentralized network of nodes. Additionally, Kadena’s architecture allows for the integration of smart contracts and decentralized applications (dApps), making it an attractive platform for developers and entrepreneurs.
Kadena Price Overview:
As of May 08, 2024, Kadena is trading at approximately 0.835 USDT. Let’s dive into the detailed price action for KDA-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.829 |
| High (H) | 0.847 |
| Low (L) | 0.815 |
| Close (C) | 0.835 |
| Volume (C) | 1,585,658.75 |
- Open (O): The opening price for today’s trading session was approximately 0.829 USDT.
- High (H): Kadena reached a daily high of around 0.847 USDT.
- Low (L): The daily low for KDA-USDT was approximately 0.815 USDT.
- Close (C): At the time of analysis, Kadena is trading near its daily close of 0.835 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.72% |
| 3D Change (%) | -8.74% |
| 7D Change (%) | -1.65% |
| 30D Change (%) | -37.50% |
| 90D Change (%) | -17.24% |
| YTD Change (%) | -37.50% |
Over the past three days, KDAUSDT has dropped by approximately -8.74%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -1.65%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with KDAUSDT maintaining a downward trend of approximately -37.50%, despite intermittent fluctuations. Examining the last 90 days, KDAUSDT has witnessed substantial drop of approximately -17.24%, reflecting strong long-term confidence. Year-to-date, KDAUSDT has steadily decreased by around -37.50%, 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-USDT 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 0.65024.
- Momentum score is -0.0302.
KDA USDT Technical Analysis
Kadena Trading Volume:
The trading volume for Kadena (KDA) over the past 24 hours has been insignificant, with approximately 1,585,658.75 USDT 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-USDT is currently in the low zone, around 40.49106. This suggests that Kadena is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Kadena (KDA-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Unveil potential setbacks for Kadena (KDAUSDT) at 8.35e-01 USDT through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.
Dive into the details with our in-depth analysis on KDA BTC Kadena Technical Analysis; you won’t want to miss it if you found this post interesting.
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.