CandleFocus Kadena (KDA) targets $0.749 following launch of Binance’s USD-margined perpetual contract
2024-09-19
Author: Content Editor
The price of Kadena (KDA) surged nearly 30% following the announcement of a USD-margined perpetual contract on Binance. The contract offers traders leverage of up to 75x and a tick size of 0.0001. The news led to increased trading volume and market cap for KDA, as well as a significant increase in futures open interest and derivatives volume. Technical indicators suggest a bullish outlook for KDA, with the coin aiming to break through resistance levels and potentially reach $1.04. Price predictions for KDA are optimistic, with expectations of reaching $0.6924 in the next 10 days and potentially reaching $1.50 by the end of 2024.
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