Kadena (KDA) Price Prediction 2023 — Will KDA Hit $1 Soon?

Kadena Price Prediction 2022— Will KDA Hit $30 Soon?
  • Bullish KDA price prediction is $1.4200 to $4.5608.
  • Kadena (KDA) price might also reach $1 soon.
  • Bearish KDA price prediction for 2023 is $0.7138.

In Kadena(KDA) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about KDA to analyze the future movement of the cryptocurrency.

Kadena Current Market Status

Current Price $0.865595
24 – hour trading volume $3,326,480
24 – hour price change 0.2% Down
Circulating supply 213,167,521
All – Time High $27.64 (On November 11, 2021)
KDA Crrent Market Status (source: CoinGecko)

What is Kadena (KDA)?

Kadena makes blockchain work for everyone. KDA is a digital currency that is used to pay for computing on the Kadena public chain. Similar to ETH on Ethereum, KDA on Kadena is the manner by which miners are compensated for mining blocks on the network and is the transaction fee that users pay in order to have their transactions included in a block.

Kadena (KDA) Price Prediction 2023

Kadena(KDA) holds the 139th position on CoinGecko right now. KDA price prediction 2022 is explained below with a daily time frame.

KDA /USDT Horizontal channel Pattern (Source: Tradingview)

The above chart of Kadena(KDA) laid out a Horizontal Channel.Horizontal Channel also known as the sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows.

Currently, Kadena(KDA) is in the range of $0.8698. If the pattern continues, the price of KDA might reach the resistance levels of $0.9569, $1.1362 and $1.6291 If the trend reverses, then the price of KDA may fall to $0.8013.

Kadena (KDA) Support and Resistance Level

The below chart shows the support and resistance level of KDA.

KDA /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, it is clear the following are the resistance and support levels of KDA.

Resistance Level 1$1.4200
Resistance Level 2$2.5253
Resistance Level 3 $4.5608
Support Level $0.7138
KDA /USDT Support and Resistance Levels

The charts show that Kadena(KDA) has performed a bullish trend over the past month. If this trend continues, KDA might run along with the bulls overtaking its resistance level at $4.5608.

Accordingly, if the investors turn against the crypto, the price of Kadena(KDA) might plummet to almost $0.7138 , a bearish signal.

Kadena Price Prediction 2023 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Kadena(KDA) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of KDA lies below the cutoff line, indicating weak participants in the current trend.

KDA /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of Kadena(KDA) is shown in the chart above. Notably, Kadena(KDA) price lies below 50 MA (short-term), so it is in a downtrend. Currently, KDA has entered a bearish state. Therefore, there is a possibility of a reversal trend of KDA at any time.

Meanwhile, the relative strength index (RSI) of the KDA is 38.24. This means that Kadena(KDA) is in an oversold state. However, this means a major price reversal of KDA may occur in the upcoming days. So, traders need to trade carefully.

Kadena Price Prediction 2023 — ADX, RVI

Let us now look at Kadena’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

KDA /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Kadena(KDA). Currently, the ADX of KDA lies in the range of 7.9697 and thus, it indicates a weak trend.

The above chart also represents the Relative Volatility Index (RVI) of Kadena(KDA). RVI measures the constant deviation of price changes over a period of time. The RVI of KDA lies below 50, indicating low volatility. In fact, the RSI of Kadena(KDA) is at 38.24 thus confirming a potential buy signal.

Comparison of KDA with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Kadena.

BTC Vs ETH Vs KDA Price Comparison (Source: Tradingview)

From the above chart, we can interpret that the price action of KDA is similar to BTC and ETH. This indicates that when the price of BTC and ETH increases or decreases, the price of KDA also increases or decreases respectively.

>Kadena(KDA) Price Prediction 2024-2030

Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Kadena (KDA) between 2024 and 2030.

Kadena(KDA) Price Prediction 2024

If the declining price action completely slows down in momentum and the trend reverses, Kadena(KDA) might probably attain $3 by 2024.

Kadena(KDA) Price Prediction 2025

With several upgrades in the network, Kadena(KDA) might enter a bullish trajectory. If the coin grabs the attention of major investors, KDA might rally to hit $5 by 2025.

Kadena(KDA) Price Prediction 2026

If Kadena(KDA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 7 years, KDA would rally to hit $7.

Kadena(KDA) Price Prediction 2027

If Kadena(KDA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, KDA would rally to hit $9.

Kadena(KDA) Price Prediction 2028

If Kadena(KDA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, KDA would rally to hit $11.

Kadena(KDA) Price Prediction 2029

Kadena(KDA) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, KDA would hit $13 in 2029.

Kadena(KDA) Price Prediction 2030

If investors flock in and continue to place their bets on Kadena(KDA), it would witness major spikes. KDA might hit $15 by 2030.

Conclusion

With continuous improvements in the Kadena Network, we can say that 2023 is a good year for KDA. For this reason, the bullish price prediction of Kadena (KDA) in 2023 is $4.5608. On the other hand, the bearish price prediction of Kadena (KDA) for 2023 is $0.7138.

Furthermore, with the advancements and upgrades to the Kadena ecosystem, the performance of KDA would help to reach above its current all-time high (ATH) of $27.64 very soon. But, it might also reach $1 if the investors believe that KDA is a good investment in 2023.

FAQ

1.What is Kadena(KDA)?

Kadena makes blockchain work for everyone. KDA is a digital currency that is used to pay for computing on the Kadena public chain.

2. Where can you purchase Kadena(KDA)?

Kadena(KDA) has been listed on many crypto exchanges which include Binance, Gate.io, Kucoin, OKX, Bybit

3. Will Kadena(KDA) reach a new ATH soon?

With the ongoing developments and upgrades within the Basic Attention Token Platform, KDA has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Kadena(KDA)?

On November 11, 2021 Kadena(KDA) reached its new all-time high (ATH) of $27.64.

5. Is Kadena(KDA) a good investment in 2023?

Kadena(KDA) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Basic Attention Token In the past few months, KDA is considered a good investment in 2023.

6. Can Kadena(KDA) reach $1?

Kadena(KDA) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Kadena(KDA) will hit $1 soon.

7. What will be Kadena(KDA) price by 2024?

Kadena(KDA) price is expected to reach $3 by 2024.

8. What will be Kadena(KDA) price by 2025?

Kadena(KDA) price is expected to reach $5 by 2025.

9. What will be Kadena(KDA) price by 2026?

Kadena(KDA) price is expected to reach $7 by 2026.

10. What will be Kadena(KDA) price by 2027?

Kadena(KDA) price is expected to reach $9 by 2027.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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