KDA Technical Analysis: Another Test For Buyers At $3.5

KDA prices reverse back to the support level at $3.50 as the crypto market corrects drastically. Will buyers at $3.5 manage to sustain the selling pressure? Key technical points: KDA market price approaches the $3.50 mark. The RSI value approaches the oversold boundary. The 24-hour trading volume of Kadena is $46 Million. Past Performance of KDA KDA prices maintain a downtrend after the recent death cross in the daily chart resulting in a fall from the $6 mark to the $3.5 support before finding a bullish reversal. However, failing to sustain the uptrend above the psychological milestone of $4, the KDA prices fall drastically overnight, sharing the market sentiment. Source-Tradingview KDA Technical Analysis KDA prices return to the $3.5 support level with increased selling pressure projecting a potential downtrend to the $3 mark. Following the recent death cross, the 100 and 200 EMAs are ready to give a bearish crossover, reflecting a surge in the underlying bullishness. Hence, the EMAs are ready to achieve the bearish alignment in the daily chart. The MACD and the signal line fail to give a bullish crossover as the lines fail to merge due to the sudden bearish takeover. Hence, the lines maintain a downtrend to dive deeper into the negative territory with a minimum bearish spread. The daily RSI slope shows a sideways trend slightly above the oversold boundary after failing to sustain above the halfway mark. In a nutshell, KDA t...