- KDA has broken out of its recent trading range, surging to over $1.00 before experiencing a sharp retracement to under $0.90.
- There has been some speculation that this price movement is due to a so-called “pump and dump” scheme, but the exact cause remains unclear.
- The next key retracement levels for KDA lie at $0.80 and $0.70, while strong support is expected around the $0.60 mark.
Kadena price analysis indicates that the Kadena coin has been in a massive bullish run over the past few hours, peaking at over $0.953 before experiencing a sharp retracement to under $0.94 today.
This price movement has led some analysts to speculate that this is due to a pump-and-dump scheme by a large whale, though the exact cause of this volatility remains unclear. The price action has been characterized by massive fluctuations, with the coin retracing from $0.95 at its peak to the current trading price of $0.93.
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