Kadena/Bitcoin (KDABTC) is exhibiting bearish signals as it trades near the 4.5e-07 USD support level. A bearish engulfing pattern has emerged, indicating potential further declines. Technical indicators such as the MACD show bearish divergence, while the RSI has entered oversold territory, suggesting continued downward pressure.
Despite a volume spike between 19:00–20:00 ET, there was no confirmation of a bullish breakout. The Bollinger Bands, which had contracted, are now expanding with the price closing near the lower band. Additionally, on the 15-minute chart, the 20-period moving average has crossed below the 50-period moving average, reinforcing the bearish outlook for KDABTC.
Kadena/Bitcoin (KDABTC) Shows Bearish Signals Amid Price Decline
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