Kadena Price Prediction: 2024, 2025, 2030

KDA price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the weekly chart pointed out $0.42 as the lowest price floor.
• On the upside, $1.80 was the highest resistance level.

2. Market sentiment

• The market has been observed to be bearish in September 2024.

3. Predictive forecasts

• Our AI/ML predictive algorithms forecast the average price of KDA at $2.0 in 2030 and $3.3 in 2035.

Get valuable insights on KDA via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

KDA technical analysis: New listing attracts hype

As enthusiasm for the blockchain industry grows, so does the interest in exploring different options. In this context, the Kadena price prediction for 2024 and beyond becomes vital for enthusiasts looking to leverage its multi-chain potential and security.

September 2023 began with the token attempting to break past $0.50 in the higher time frame. However, it failed and dropped to the yearly lowest support of $0.42 in October.

The succeeding mid-month rally was notable for its strength in flipping previous levels. A pattern of higher highs and higher lows lasting till March 2024 elevated KDA to challenge the highest resistance of $1.80.

This test triggered substantial liquidations, painting the market red by mid-March. Furthermore, the broader market downturn in April amplified this, driving KDA below $0.94. The strengthening downtrend did not let the tests of this level succeed.

By July, KDA was back on its lowest support. A swift mid-month recovery pushed it to retest $0.67. Yet again, a rejection followed, and the asset returned to the previous low by the end of the month.

The price pumped again in mid-August, reclaiming $0.50. Moreover, the asset stabilized at this support until mid-September. After Binance announced the launch of a KDAUSDT perpetual contract, the price surged to retest $0.67. By the end of the analysis, the KDA traded at $0.63.

The market’s bearish stance increases the risks of more declines. If the price breaks below the current support level, it can again find respite at the yearly low. This defense might halt further depreciation, allowing the buyers to regroup again.

Conversely, if the bulls flip the current resistance, they can rally to reverse the trend by reclaiming $0.94. This trajectory can increase the probability of KDA retesting the peak resistance.
 

Our predictive models' future forecasts for the altcoin are not quite bullish. They forecast the average price to be $2.0 within six years. Moreover, the price is expected to increase to $3.3 by 2035. 

KDA's 2024 roadmap: Key indicators to watch and trade

• The Directional Movement Index (DMI) corroborated the initial stronghold of bears, with the +DI line lagging behind both the -DI and the ADX line. The narrative shifted in late October as the +DI surpassed both lines. Meanwhile, the uptrend strengthened as the ADX took the dominant position in January. 
• From March, the -DI line ascended while the other two took an alternate course, culminating in them dropping below it by June. However, the +DI overtook the -DI and ADX lines in mid-September. 
• The latest values were the -DI line at 20.7291, the ADX line at 16.9876, and +DI at 22.9404. This suggested caution in expecting a sustained strong upward movement without further confirmation.
• The trading volume validated substantial investor backing behind rallies and buyer withdrawal, as evidenced by its lackluster state from March. The recent price surge was mirrored by a rise in volume, indicating buyer interest.
• The 20 and 50-week Exponential Moving Averages (EMAs) turned to support levels in November and mid-December, respectively. Moreover, the golden cross formed in late February was negated as the price fell below both EMAs in April, with a succeeding death cross in mid-May. This highlighted the market’s bearish bias.