Technical analysis by CryptoAnalystSignal about Symbol KDA: Buy recommendation (5/5/2025)

#KDAThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.We are seeing a rebound from the lower boundary of the descending channel, which is support at 0.5780.We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.We are looking for stability above the 100 moving average.Entry price: 0.6033First target: 0.6330Second target: 0.6625Third target: 0.7011