KDA USDT TO $7.5 Long accumulation phase on MONTHLY timeframe that

Question

KDA USDT TO $7.5 Long accumulation phase on MONTHLY timeframe that

finally broke out.

This recent breakout from a long accumulation phase on the monthly timeframe suggests significant potential upside.

Notably, it broke out of a drawn-out monthly descending channel and closed above it.

A similar pattern is visible on the weekly timeframe, indicating a clean breakout and close.

Generally, the higher the timeframe of the breakout, the larger the potential move.

We observed a similar scenario with AVAX a few months ago, albeit on the weekly timeframe. We entered AVAX when it was under $10 and caught the mega-pump upwards of $40.

Target: $7.5

Why $7.5?
It represents monthly resistance on the chart. While this target may see a pullback, a breakthrough without significant resistance could propel us further.

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Kadena is fundamentally robust. If cryptocurrencies were valued solely on technology, Kadena would likely dominate in the top 10, possibly even the top 5. It's a Proof-of-Work chain that has solved the blockchain trilemma and operates without gas fees. You can conduct your research on Kadena's technology and the team behind it.

In the future, when cryptocurrency becomes more regulated, many less useful coins will diminish, while those with real-world utility will thrive. Kadena is positioned to be near the top of this list, potentially seeing a 1000x increase or more in price. However, until then, let's remain conservative as crypto markets move with prevailing narratives.

Kadena isn't flawless; its main drawback lies in the team's lack of aggressive marketing and advertising efforts. This could change during the altseason, but for now, it's a significant factor holding it back. Realistically, Kadena should retest its previous all-time high, potentially even surpassing it.

#blockchain #cryptocurrency #english #kadena

0

14.03.2024

3 ответов

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Carl Parker

Price Speculation needs to go elsewhere, not here

0

1 месяц назад

Rose

Shhh... quiet now. Muted Krampus for 1 week.

0

1 месяц назад

Rose · Accepted Answer

Rose

⛔️NO price, marketcap or trade related talk or speculation! Please use the #price-talk channel on KadenaEcosystem's Discord ⤵️ ▪️ Discord Invite ▪️ Link to Price Talk Channel

0

1 месяц назад

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