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With a bullish turnaround in 2024, Kadena promises a stronger trend reversal with increased momentum. Further, the rising interest of buyers in altcoins for quick and significant returns, the inflow in increasing this sector. It has been phenomenal to watch the cryptocurrency sector recover in 2024 and evolve so quickly.
In a market dominated by the likes of Bitcoin and Ethereum, a groundswell of interest is quietly but powerfully brewing in the sector's underdogs. These lesser-known, low-capitalization cryptocurrencies are catching the eyes of investors keen on finding the next breakout star.
With the golden days of recovery in late 2023 becoming a past, Kadena finally enters an intense pullback phase as it fails to cross the $1.5 mark. Further, with a double top reversal, the KDA price trend starts a negative cycle within the long-term triangle formation.