Technical analysis by fibcos about Symbol KDA: Buy recommendation (10/10/2025)

🔍 1. Elliott Wave Theory – Wave Confluence From the chart: We can clearly observe a complex corrective pattern forming a WXYXZ or triple three structure. The wave labels (A, B, C in red/blue) suggest that the market may have completed a macro correction. The current price action is showing a potential start of an impulsive wave, marking the beginning of Wave 1 of a new bullish cycle 📈. 🧩 Key Confluences: Final leg (C wave) seems to have ended with a falling wedge pattern, a classic reversal signal. Bullish divergence likely present on momentum indicators (not shown but inferred), supporting wave completion. 💹 2. Price Action Analysis Price action is forming a base structure around $0.32 - $0.34 with: Multiple retests of the demand zone (highlighted around $0.3214 and $0.3439). A strong bullish engulfing candle near the low, suggesting institutional accumulation. Current price ($0.3704) has already broken out of a descending wedge pattern (D wave to E), which often precedes explosive moves. 📌 Short-Term Structure: Breakout above minor resistance at $0.41 would confirm a bullish reversal pattern. Targets based on historical PA zones are set at $1.14, $1.24, $2.48, and $3.51 📍. 📐 3. Fibonacci Retracement & Extension Let’s bring in some Fibonacci magic ✨: If we take the high of Wave (B) and the low of Wave (C), potential retracement levels align with: 0.618 Fib at ~$1.14 ✅ 1.0 Fib at ~$2.48 ✅ 1.618 Fib at ~$3.51✅ These Fibonacci levels align beautifully with price structure resistance zones, showing confluence between fibs and market structure. 📊 Fibonacci Extension Target: A minimum 5x-10x move is projected from current price, which takes us close to $3.50+, aligning with the major 1.618 extension. 🧠 4. Smart Money Concept (SMC) Let’s talk about what the "big money" might be doing 🧠💰: ✅ Accumulation Phase Identified: Price is ranging after a prolonged markdown. Liquidity sweeps below previous lows suggest smart money engineered a bear trap to fill orders. Break of structure (BoS) pending above $0.41, which would confirm smart money shift from accumulation to mark-up phase. 🎯 Ideal Smart Money Entry: Sub-$0.40 range. 📈 Next Liquidity Target: $1.24 (equal highs formed during mid-2024). 🌐 5. Fundamentals of Kadena (KDA) Kadena is a layer-1 blockchain featuring a hybrid PoW (proof-of-work) model with scalability via Chainweb. 📌 Bullish Fundamentals: Scalability: Can process 480k+ TPS across multiple chains. Security: PoW-based, making it more secure than many PoS chains. Smart Contracts: Uses Pact, a readable and secure smart contract language. Ecosystem Expansion: Increasing DeFi, NFT, and DAO involvement. Recent Funding: If there's been recent VC or foundation investment (check latest news), it would support a bull case. 🚀 Catalysts to Watch: New partnerships or major DApps launching. Exchange listings or ecosystem grants. Rising sentiment in broader altcoin market. 📈 Final Thoughts & Outlook 🔥 Technical + SMC + Fundamentals are aligning for a potential major move. 🧭 Strategic Outlook: 🎯 Buy Zone: $0.32 - $0.38 (Accumulation Range) 🚨 Breakout Confirmation: Above $0.41 🚀 Targets: $1.14 ✅ (0.618 Fib + structure) $2.48 ✅ (1.0 Fib + structure) $3.51 ✅ (1.618 Fib + macro resistance) "The bigger the base, the higher the space" — and Kadena seems to be building a strong one 👷‍♂️🧱 ⚠️ DISCLAIMER: This is for educational purposes only. Not financial advice. Always do your own research (DYOR) and manage risk appropriately. Crypto is volatile 🔥. #KDA #KDAUSDT #Kadena #Altcoins #CryptoAnalysis #ElliottWave #WaveTheory #PriceAction #SmartMoneyConcepts #SMC #Fibonacci #TechnicalAnalysis #CryptoTrading #CryptoCharts #BullishSetup #AccumulationPhase #BreakoutTrade #10xPotential #CryptoFundamentals #LongTermInvesting #SwingTrading #TradingViewCommunityWe will review, analyze and update very soon.