Bears Take Control as KDA Market Reverses; Bulls Struggle to Keep Up
- KDA faces resistance at $1.03 with support levels at $0.98 and $0.95.
- Bullish strength struggles as RSI and CMF trend downward, signaling a potential shift.
- Investors exercise caution as trading volume drops by 23.30% in 24 hours.
Bulls held the most significant influence on the Kadena (KDA) market in the last 24 hours, although bearish efforts were still visible, as KDA fell to a 24-hour low of $0.9888.
On the other hand, the bullish strength was strong enough to overcome the bearish attempts and successfully elevate the KDA price to a high of $1.03 before encountering resistance. At press time, KDA was trading at $1.01, up 0.32% from the previous day’s close.
If the bulls maintain their dominance and break over the 24-hour high, the next resistance levels may be at $1.05 and $1.10, respectively, while a sudden change in market sentiment may cause a price retreat toward the support levels at $0.98 and $0.95.
During the bull-bear battle for supremacy, the market capitalization increased by 1.22% to $225,636,799, indicating that investors are actively tracking price changes and profiting from volatility.
The 23.30% drop in 24-hour trading volume to $5…
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