Will KDA Coin Price Observe A Breakdown To Lower Level?

The weekly technical chart of the KDA hints towards a consolidated trend in price. On coming to the daily chart, the coin price is currently in a bearish move. The upside trend of the Kadena may see a setback near $8. The downtrend of the asset can see bounceback near $4. The asset is currently below the 50 and 100 Daily Moving Average, with a negative crossover, The 100 DMA is near $12 which can act as a temporary support of the price.