- Many altcoins are signaling bullish signs in their price charts.
- Analyst recognized possible bullish signals for Kadena (KDA).
- Another analyst shares three bull cycle top targets for KDA.
As Bitcoin (BTC) continues its steady sideways movement, the pioneer crypto asset is up over the $61,000 price level and this sentiment is seeping into the altcoin market. In detail, more and more altcoins are showing highly bullish signals on their price charts.
Kadena (KDA) Signals Bullish Pump Potential
One analyst is presently keeping a close eye on Kadena (KDA). This altcoin is expected to make a massive parabolic pump in the coming bull run phase of the ongoing crypto bull cycle. Presently, KDA price is pumping steadily according to CoinMarketCap analytics.
Source: TradingView
According to this analyst, the KDA/USDT trading pair is currently hinting at a bullish continuation from a critical support zone at $0.40. Adding on, he says the price follows a falling wedge pattern and is preparing to break above the descending resistance line. He also says that internal resistance at $0.900 is the next target for KDA .
Moreover, he states that if the KDA/USDT pair holds strong at this level, then the asset could be on the verge of a significant bullish rally, echoing previous trends. In fact, a breakout above the key resistance at $0.900 might set the stage for a run toward the next resistance zones and beyond.
KDA Could Pump to $22 as Bull Cycle Top Target
However, he remarks that caution is essential. If the momentum falters at this critical support, we might witness a rebound from the lower support area around $0.350–$0.400. Similarly, another popular analyst shares his long-term expectations for KDA.
According to this analyst’s expectations, the macro chart for Kadena signals a buy signal. This analyst marks three specific target tops for KDA in the coming bull run phase of the ongoing bull cycle. These top targets are set at $1-$2, $6, and $22.
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