Kadena Forecast - 80% Price Loss - Now What? project failed?

If the Kadena price continues to hold the support of $2.23, we do not expect any sharply falling prices for the time being. Instead, the course could even be bullish in the near future. As the price is unlikely to close the current weekly candle below $2.23, we anticipate the price has bullish weeks ahead. However, this is only on condition that the price holds the $2.23 support. Should this break, prices of around $1 are possible.

If Kadena price comes to hold the $2.23 support, which we expect for the time being, we anticipate the price to rise to the next resistance next. This is located at around $6. However, this statement should be treated with caution. The general crypto market is currently rather bearish , which is why one should be careful, even if the Kadena chart does not look like the support will be broken. One should be prepared for the bearish scenario.

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