KADENA– ALTCOIN CHART ANALYSIS

Kadena (KDA) descended from our ascending triangle and has not stopped since. The technical price target has already been reached and we have found support on the Weekly S2.

We're currently trading at around $1.46. Furthermore, we are in a large support and accumulation zone. However, the probability is higher that we will go one level deeper.

After our mid-June low around $1.30 formed with a lot of volume, we will most likely take that liquidity and make a lower low to start a reversal from here.

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