Quick 24 News
News Blog

Kadena Price Prediction 2022— Will KDA Hit $30 Soon?


  • Bullish KDA price prediction is $2.5428  to $28.2422.
  • Kadena (KDA) price might also reach $30 soon.
  • Bearish KDA  price prediction for 2022 is $1.4134.

In Kadena(KDA) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about KDA to analyze the future movement of the cryptocurrency. 

Kadena Current Market Status

According to CoinGecko, the price of Kadena(KDA) is $ 2.17 with a 24-hour trading volume of $ 35,127,523 at the time of writing. However, KDA has decreased by nearly 6.2% in the last 24 hours.

Moreover, Kadena(KDA) has a circulating supply of 184,802,447 KDA. Kadena(KDA) trades in cryptocurrency exchanges such as Binance, Gate.io, Kucoin, OKX, Bybit.

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 2022

Kadena(KDA) holds the 125th position on CoinGecko right now. KDA price prediction 2022 is explained below with a daily time frame.

KDA /USDT Horizontal channel Pattern (Source: Tradingview)

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 $2.1588. If the pattern continues, the price of KDA  might reach the resistance levels of $ 2.4433 and  $ 4.2620 If the trend reverses, then the price of KDA may fall to $1.9012 and $ 1.4781.

Kadena (KDA) Support and Resistance Level

The below chart shows the support and resistance level of KDA.

   KDA/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of KDA.

Resistance Level 1  $2.5428
Resistance Level 2 $4.5956
Resistance Level 3 $10.7203
Resistance Level 4 $17.7944
Resistance Level 5  $28.2422
Support Level    $1.4134

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 $28.2422.

Accordingly, if the investors turn against the crypto, the price of Kadena(KDA)  might plummet to almost $1.4134 , a bearish signal.

Kadena Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of KDA is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of KDA lies below the cutoff line, indicating weaker participants in the current trend.

Also, the Moving Average (MA) of Kadena(KDA) is shown in the chart above. Notably,  Kadena(KDA) price lies above 50 MA (short-term), so it is in an uptrend. Currently, KDA has entered a bullish 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 47.86. 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 2022 — 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  53.1103 and thus, it indicates a strong 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 49.40 thus confirming a potential buy signal.

Comparison of KDA with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Kadena.

BTC Vs ETH Vs KDA Price Comparison (Source: TradingView)

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 2023

If the declining price action completely slows down in momentum and the trend reverses,  Kadena(KDA) might probably attain $35 by 2023.

Kadena(KDA) Price Prediction 2024

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 $40 by 2024. 

Kadena(KDA) Price Prediction 2025

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 $45.

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 4 years, KDA would rally to hit $50.

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 5 years, KDA would rally to hit $55. 

Kadena(KDA) Price Prediction 2028

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 $60 in 2028.

Kadena(KDA) Price Prediction 2029

If investors flock in and continue to place their bets on Kadena(KDA), it would witness major spikes. KDA might hit $65 by 2029.

Kadena(KDA) Price Prediction 2030

With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in KDA for the next 8 years and drive significant price rallies for the token. Hence, Kadena(KDA) might hit $70 by 2030.

Conclusion

With continuous improvements in the KadenaNetwork, we can say that 2022 is a good year for KDA. For this reason, the bullish price prediction of Kadena(KDA) in 2022 is $28.2422. On the other hand,  the bearish price prediction of Kadena(KDA) price prediction for 2022 is $1.4134.

Furthermore, with the advancements and upgrades to the Basic Attention Token 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 $30 if the investors believe that KDA is a good investment in 2022.

FAQ

1.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. 

2. Where can you purchase Kadena(KDA)?

Kadena(KDA) has been listed on many crypto exchanges which include Binance, Gate.io ,Kucoin, OKX, Bybit
 

3. Will Kadena(KDA) reach a new ATH soon?

With the ongoing developments and upgrades within the Basic Attention Token Platform, KDA  has a high possibility of reaching its ATH soon.

4.  What is the current all-time high (ATH) of Kadena(KDA)?

On November 11, 2021 Kadena(KDA) reached its new all-time high (ATH) of  $27.64.

5. Is Kadena(KDA) a good investment in 2022?

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 2022.

6. Can Kadena(KDA) reach $30?

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 $30 soon.

7. What will be Kadena(KDA) price by 2023?

 Kadena(KDA) price is expected to reach $35 by 2023.

8. What will be Kadena(KDA) price by 2024?

 Kadena(KDA) price is expected to reach $40 by 2024.

9. What will be Kadena(KDA) price by 2025?

 Kadena(KDA) price is expected to reach $45 by 2025.

10. What will be Kadena(KDA) price by 2026?

 Kadena(KDA) price is expected to reach $50 by 2026.   

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.

Recommended For You :



Source link

Comments are closed.