Kadena Price Prediction 2022— Will KDA Hit $30 Soon?
- Bullish KDA price prediction is $10.5741 to $27.9849.
- The KDA price will also reach $30 soon.
- KDA’s bearish market price prediction for 2022 is $1.4069.
In Kadena’s (KDA) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about KDA to analyze the future movement of the cryptocurrency.
Kadena Current Market Status
According to CoinGecko, the price of KDA is $6.85 with a 24-hour trading volume of $48,693,861 at the time of writing. However, KDA has decreased nearly 9.7% in the last 24 hours.
Moreover, KDA has a circulating supply of 167,816,065 KDA. Currently, KDA trades in cryptocurrency exchanges such as OKX, KuCoin, Gate.io, BKEX, and Hoo.
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 holds the 87th position on CoinGecko right now. KDA price prediction 2022 is explained below with a daily time frame.
KDA/USDT Descending Channel Pattern (Source: Tradingview)
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline.
The lower line is identified as parallel to the trendline, running across the bottom. It is a bearish chart pattern defined by trendline support the series of lower lows and a diagonal resistance level connecting the lower highs.
Currently, KDA is in the range of $6.85. If the pattern continues, the price of KDA might reach the resistance level of $10.1024, $16.5165 & $28.6835. If the trend reverses, then the price of KDA may fall to $4.7704.
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 – $10.5741
- Resistance Level 2 – $17.8760
- Resistance Level 3 – $27.9849
- Support Level 1 – $4.5123
- Support Level 2 – $2.5197
- Support Level 3 – $1.4069
The charts show that 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 $27.9849.
Accordingly, if the investors turn against the crypto, the price of the KDA might plummet to almost $1.4069, 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.
More so, the KDA’s Moving Average (MA) is shown in the chart above. Currently, KDA is in a bearish state. Notably, the KDA price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of KDA at any time.
Meanwhile, the relative strength index (RSI) of the KDA is at level 49.75. This means that KDA is in a neither overbought nor 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. Currently, KDA lies in the range of 20.7848, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of KDA. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of KDA lies above the 50 levels, indicating that the direction of volatility is high. In fact, KDA’s RSI is at 49.75 level thus confirming a potential either buy or sell 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 identify the trend of the ETH, BTC, and SNX is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and SNX also increases or decreases respectively.
Conclusion
With continuous improvements in the Kadena network, we can say that 2022 is a good year for KDA. For this reason, the bullish price prediction of Kadena in 2022 is $27.9849. On the other hand, the bearish KDA price prediction for 2022 is $1.4069.
Furthermore, with the advancements and upgrades on the KDA ecosystem, the performance of KDA would help to reach above its current all-time high (ATH) $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?
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 KDA?
KDA has listed on many crypto exchanges which include OKX, KuCoin, Gate.io, BKEX, and Hoo.
3. Will KDA reach a new ATH soon?
With the ongoing developments and upgrades within the KDA platform, it has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Kadena?
On November 11, 2021, KDA reached its new all-time high (ATH) of $27.64.
5. Is 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 KDA 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 the KDA price by 2023?
Kadena (KDA) price is expected to reach $45 by 2023.
8. What will be the KDA price by 2024?
Kadena (KDA) price is expected to reach $58 by 2024.
9. What will be the KDA price by 2025?
Kadena (KDA) price is expected to reach $65 by 2025.
10. What will be the KDA price by 2026?
Kadena (KDA) price is expected to reach $80 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.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
