KDA Technical Analysis: Can Triangle Breakout Rally Surpass $2?

KDA coin price action forms a symmetrical triangle showcasing a bullish reversal. Will buyers drag the uptrend resulting in a bullish breakout? Key technical points: KDA prices have increased by 6.95% in the past 24 hours. The bullish reversal struggles near the 50-day EMA. Finally, the 24-hour trading volume of Kadena is $81.73 Million, marking an 8.43% rise. Past Performance of KDA KDA coin price ends the long-coming downtrend with the bottom creation near the $4.25 mark. The reversal creates higher low and lower high formations resulting in a symmetrical triangle pattern in the daily chart. Moreover, the 50-day EMA provides a dynamic barrier as it moves along the descending trendline. Source-Tradingview KDA Technical Analysis KDA coin price action shows lower price rejection from the support trendline and challenges the $1.80 supply zone with the new bullish engulfing candlestick. Hence, traders can find a bullish breakout entry opportunity briefly. The crucial daily EMAs (50, 100, and 200-days) strive to achieve the bearish alignment with the 100 and 200-day EMA crossover. However, the possibility of a bullish breakout correlates to the golden crossover and reacquire the bullish alignment. RSI Indicator: The RSI slope ends the chaotic sideways movement at the halfway line after the recent spike into the nearly overnight zone. MACD Indicator: The MACD and signal lines regain the bullish trend, with the fast line annoying a ...