KADENA – ALTCOIN CHART ANALYSIS

Kadena (KDA) is in a clear downtrend on the small and large timeframes. Neither in the 4H nor in the daily chart do we manage to break through the EMA ribbons.

Right now we're trading at around $1.52. On the downside, we have built a strong support zone between $1.33 – $1.43. However, this has already been tested very often.

The more we test it, the weaker it gets. So we should be careful, as we also have a lot of volume here that we could still get.

In the short term, there is nothing to suggest a major recovery. Rather, the sideways phase continues and we see another correction.

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