At the time of writing, KDA is being traded at the rate of $17.25 with an increase of 3.74% within the last 24 hours.
The low within this tenure was around $16.75 and the high was approximately $18.80. The coin as being in the watchlist of many traders makes it rank all the way up to number 51st according to the latest data released by coin market cap.
KDA made its all-time high in the month of May 2021 where it reached an enormous amount of $88. At the moment it has a daily volume of $63,878,766 with an increase of 17.44% within the last 24 hours. The circulating supply of KDA is now around 160M and a maximum supply of 1B. KDA has a dominance of 0.11%.
The top exchanges for trading KDA are currently KuCoin, Gate.io, Hoo, Hotbit.
Technical Analysis – Kadena
Not much data is available on the daily time frame so choosing the 4H time frame to get a better idea about how the price may move.
The price has a structural high and a structural low. The price has been moving between these two levels. There are two possible movements of KDA. One that it can move upwards and come down to retest the level from where we can look for possible longs.
The second possible movement is the price to drop down and come back and face resistance to drop down from where possible shorts can be opened.
It all depends on the lower time confirmations because the price movement is quite unclear at the moment. Sometime later, we can look for a better opportunity when the price becomes more clear.
Price Prediction – Kadena (KDA)
In the long run, KDA is a highly good opportunity. In September it was being traded at the price of around $0.74 and now it has crossed fifteen dollars. According to the wallet investor, the price of KDA is to reach a value of $33.136 in a year. For a five-year plan, the price will reach a value of $97.046. The way the price of KDA has grown, the traders are even more bullish on the value and they think that it will reach even more.
