Cryptogreen

KDA pullback to 0.50$?

Short
KUCOIN:KDAUSDT   Kadena / Tether
Hey traders. KDA performed beautifully in Dec. '23 with a 100% growth in price. But since than it is in Bearish trend and with the current bias all over the Crypto Markets I believe it could retrace back to 50 cents. That is if the support at around 0.80$ won't hold. Since Dec. '23 volume & RSI are descending also. Let's say a mid term correction for KDA is due before proceeding to chase the ATH later this year.

Good luck!

(NFA)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.