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Kadena Prediction - 35% Surge Coming Soon?

 


The Kadena price was able to fall again this week to +/- $1.33. Now that this is the second straight time without price forming a lower low, price has formed a possible double bottom formation. This formation often serves as a bullish trend reversal and thus leads to rising prices. Despite everything, you should keep an eye on the Bitcoin course. If the Bitcoin price continues to fall, the Kadena price could also continue to fall. Just because the double bottom formation is formed doesn't mean the price will rise 100%!

If the market views the double bottom formation, we expect the Kadena price to rally to the former $2.19 support. As a result, the price would confirm the former support as resistance. However, this could lead to falling prices again. Targets are below the recent low ($1.33). If there is a bullish break of the new resistance, the Kadena price could rally to $3.47. However, we consider this scenario to be rather unlikely.

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