Hello everyone,
As we all know last few months wasn't so exciting for the crypto market but I think we are primed for a good pump very soon! I personally expect a 300% increase in the short term because of how well this project is and how great this new opportunity is to buy right now from a low 6$.
As we can see from the chart, symmetrical squeezing triangle has formed and it looks BULLISH to me. I marked some support and resistances with red lines which are also close to fib levels. We have strong support at 4.45$ and good support at 5.4$. If a breakout starts, the next resistance will be at 8$ and 10.4$ but if all the market goes well, these shouldn't be too hard to pass at all. I think the resistance at 16.8$ is going to be harder but after some pump to there, more people will buy and that will help us go through 16.8$.
I've added what ETH did after a similar move back in time, I think we might do something quite similar to that!
One of the main reasons we expect a pump is because the crypto market in general, led by BTC started to recover these days as BTC went from the 38K dip to 42K trading as of today. This is good because we found great support and pumped back up. Another reason for expecting a pump is, many new USDT wallets are created, which means new investors will be buying crypto, including KDA. Also, KADDEX is expected to release very soon which is going to be amazing. KADDEX is the first Gas Free Dex, built on the Kadena Blockchain. I think that KADDEX surely will be a game-changer, zero fee is amazing and innovative unlike most of the other platforms. @KaddeXofficial on Twitter has just announced that they are 100% ready for launch, and will be moving into auditing which is expected to take a week or two. This is all good news in my opinion and I think that KDA will be going up in value very soon. Next SOL is going to be KDA? We shall see.
Not a financial advice, just wanted to share my thoughts and update you all. Cheers.
As we all know last few months wasn't so exciting for the crypto market but I think we are primed for a good pump very soon! I personally expect a 300% increase in the short term because of how well this project is and how great this new opportunity is to buy right now from a low 6$.
As we can see from the chart, symmetrical squeezing triangle has formed and it looks BULLISH to me. I marked some support and resistances with red lines which are also close to fib levels. We have strong support at 4.45$ and good support at 5.4$. If a breakout starts, the next resistance will be at 8$ and 10.4$ but if all the market goes well, these shouldn't be too hard to pass at all. I think the resistance at 16.8$ is going to be harder but after some pump to there, more people will buy and that will help us go through 16.8$.
I've added what ETH did after a similar move back in time, I think we might do something quite similar to that!
One of the main reasons we expect a pump is because the crypto market in general, led by BTC started to recover these days as BTC went from the 38K dip to 42K trading as of today. This is good because we found great support and pumped back up. Another reason for expecting a pump is, many new USDT wallets are created, which means new investors will be buying crypto, including KDA. Also, KADDEX is expected to release very soon which is going to be amazing. KADDEX is the first Gas Free Dex, built on the Kadena Blockchain. I think that KADDEX surely will be a game-changer, zero fee is amazing and innovative unlike most of the other platforms. @KaddeXofficial on Twitter has just announced that they are 100% ready for launch, and will be moving into auditing which is expected to take a week or two. This is all good news in my opinion and I think that KDA will be going up in value very soon. Next SOL is going to be KDA? We shall see.
Not a financial advice, just wanted to share my thoughts and update you all. Cheers.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.