The KDA token price forms a flag and pole pattern as the uptrend rests. Thus, a breakout will bring a profitable entry spot.

Kadena, a public blockchain, aims to optimize for scalability. It also features a smart contract language called Pact. It comes with formal verification and can be upgraded to smart contracts. Kadena also uses Chainweb, a Proof-of-Work consensus mechanism. This is made up of multiple independently-minded chains working together to execute network transactions.

In recent developments, the KDA coin gets listed on crypto.com, resulting in increased buying pressure. Hence, growth in the number of buyers can help Kadena record a new 52-weeks high. 

Let us now take a look into the technical analysis of the Kadena Protocol.
<h2>Past Performance of KDA</h2>
This week, the KDA coin price gained incredible bullish momentum that resulted in an uptrend of more than 450% in the past month. As a result, the price breaks above various crucial pivot points. 

With a rise of 4.80% in the market cap, the token price trades at $7.08 at the time of writing. Moreover, the exhaustion in buying pressure is evident by the 45% fall in intraday trading volume.

<img src="https://s3.tradingview.com/snapshots/i/IUMsEKuu.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/IUMsEKuu/">KDA/USD 4-hour Chart</a>
<h2>KDA Technical Analysis</h2>
As the bullish uptrend exhausts, the coin price forms a range in the 4-hour chart. Thus, resulting in a flag and pole pattern. However, the breakout of this pattern and an increase in buying pressure will lead to a price jump to $10 or even higher.

In the daily chart, the Kadena uptrend faces opposition near the $8 mark. Upon bullish breakout, the levels of $10 and $12 can cause a reversal. However, in case of a reversal, $6.5 and $5.5 can act as demand areas.

The slope of RSI rises slightly higher above the central mark, after diving below it during the range formation. Hence, the RSI indicator implies growth in underlying bullish sentiment.

The MACD and the Signal line generate a bullish crossover in the 4-hour chart. Moreover, the fall in the bearish histogram indicates the arrival of a bull run. As a result, the MACD indicator gives a buy signal.
<h2>Upcoming Trend</h2>
As per the technical analysis of the KDA token, bullish momentum resurfaces after the range formation. Hence, an upside breakout can help the price touch the $10 or even $12 mark in a few weeks.

KDA Technical Analysis: Uptrend Soon to Hit $10

The Kadena (KDA) token price forms a flag and pole pattern as the uptrend rests. Thus, a breakout will bring a profitable entry spot.

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: Uptrend Soon to Hit $10

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