<strong><em>KDA price action displays a prevailing bearish trend as the resistance trendline keeps the bullish breakout attempts at bay. </em></strong>

Key technical points:
<ul>
 	<li>The KDA market value decreased by 7.54% today at press time.</li>
 	<li>The price action shows a high likelihood of the $1.75 fallout.</li>
 	<li>The 24-hour trading volume of Kadena is $21.62 Million, indicating a hike of 8.99%.</li>
</ul>
<h2><strong>Past Performance of KDA</strong></h2>
<a href="https://www.cryptoknowmics.com/news/kda-technical-analysis-kda-buyers-resurface-upon-retest/">KDA</a> prices plummeted in April, and early May as the selling pressure grew out of control resulting in a downslide of 80% from $7.6 to $1.60. And finally, we see the buyers stepping back in to showcase a V-shaped reversal that failed to surpass the resistance trendline. But, the buyers halt the bear cycle to distance from the trendline and keep a tight diagonal trend falling closer to the trendline.

<img src="https://s3.tradingview.com/snapshots/y/yHM6kenj.png" alt="TradingView Chart" />

<strong>Source-</strong> <a href="https://www.tradingview.com/x/yHM6kenj/" target="_blank" rel="noopener">Tradingview</a>
<h2>KDA Technical Analysis</h2>
KDA prices showcase a lower price rejection in the daily candle as the rejection pressure the market value to cramp down. Therefore, the hesitance to continue the downslide projects an underlying revolt that may shortly rechallenge the resistance trendline again. The falling EMAs maintain a bearish alignment representing a solid correction phase in motion. Moreover, the 50-day EMA (red) provides resistance to the bullish recovery.

The MACD and signal lines project an uptrend in motion, but the lack of buying pressure is evident in the falling trend of bullish histograms. Nonetheless, the constant bullish spread keeps the uptrend going and avoids a bearish crossover. On the other hand, traders can spot a selling spree if the fast and slow lines give a bearish crossover. Additionally, the RSI indicator shows a sideways trend moving along with the 14-day SMA and struggles to reach the halfway line. In a nutshell, the KDA technical analysis shows a high likelihood of a bearish retracement under the $1.75 mark.
<h2>Upcoming Trend</h2>
KDA buyers must wait until the trendline breakout before entering a high leverage position to avoid a bearish continuation, which will trap and liquidate their position. On the other hand, the bearish reversal will break under $1.75 to test the psychological support level of $1.50.

<strong>Resistance Levels:</strong> $2 and $2.30

<strong>Support Levels:</strong> $1.75 and $1.50

KDA Technical Analysis: Bearish Trendline Keeps Downtrend Moving 

KDA technical analysis displays a prevailing bearish trend as the resistance trendline keeps the bullish breakout attempts at bay. 

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

KDA Technical Analysis: Bearish Trendline Keeps Downtrend Moving

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