- 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.
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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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