- 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) |
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.
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.
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 |
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.
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.
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.
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
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 the 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 the 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 the 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 LoopringNetwork, 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
Kadena makes blockchain work for everyone. KDA is a digital currency that is used to pay for computing on the Kadena public chain.
Kadena(KDA) has been listed on many crypto exchanges which include Binance, Gate.io, Kucoin, OKX, Bybit
With the ongoing developments and upgrades within the Basic Attention Token Platform, KDA has a high possibility of reaching its ATH soon.
On November 11, 2021 Kadena(KDA) reached its new all-time high (ATH) of $27.64.
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.
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.
Kadena(KDA) price is expected to reach $3 by 2024.
Kadena(KDA) price is expected to reach $5 by 2025.
Kadena(KDA) price is expected to reach $7 by 2026.
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.
Source: https://thenewscrypto.com/kadena-price-prediction-2022-will-kda-hit-1-soon/