🚨 KDA/USDT – Approaching the End of Macro Wave 3 – Reversal Imminent?
After nearly 2 years of consistent decline, Kadena (KDA) appears to be in the final stages of its macro corrective structure. Using a blend of Elliott Wave Theory, Smart Money Concepts (SMC), Fibonacci tools, and Price Action analysis, there is compelling evidence that we may be forming a generational bottom.
The chart outlines a clean 5-wave Elliott impulse to the downside. With Wave 3 nearing completion in a historically strong demand zone ($0.06-$0.03), the probability of a long-term trend reversal is increasing.
This zone also aligns with:
On the fundamentals side, Kadena continues to innovate with its high-throughput PoW Chainweb architecture, human-readable smart contracts via Pact, and growing DeFi infrastructure. It remains one of the most undervalued layer-1s in the market with zero major security exploits since launch.
🔮 If the reversal confirms, long-term targets lie at:
This setup may not play out overnight, but it’s the type of structure that smart money patiently builds positions into, while retail fears the bottom.
📊 1. Elliott Wave Theory Confluence
Looking at the macro Elliott Wave structure:
🔹 A clear 5-wave impulsive decline appears to be forming:
🔹 Post wave 5, an ABC corrective wave or a larger impulsive reversal is projected (labeled on chart), suggesting a macro trend shift.
🧠 2. Smart Money Concepts (SMC)
💰 Accumulation Zones:
📉 Liquidity Sweeps:
🔄 Break of Structure (BoS):
🌀 3. Fibonacci Retracement & Extension
🔹 Fibonacci Extension:
🔹 Fibonacci Retracement Targets:
🕵️♂️ 4. Price Action Analysis
📉 Bearish Channel Breakdown:
📈 Bullish Divergence (likely on RSI):
📌 Key Levels to Watch:
Resistance: $0.3439, $1.25, $7.97
Support: $0.13, $0.06, $0.03
A break and hold above $1.25 could signal the start of a macro uptrend.
🔮 Final Thoughts
🔁 We’re likely nearing the end of a macro bearish cycle (Wave 3).
💼 With institutional accumulation signs, Fibonacci confluence, and solid fundamentals**, KDA presents a strong asymmetric opportunity.
🧨 If Wave 5 completes near $0.06 – $0.03, the upside potential toward $7.97 (first macro target) and possibly $222 (1.618 extension) offers high R/R (risk/reward) for long-term investors.
⚠️ DISCLAIMER: This analysis is educational and not financial advice. Always DYOR (Do Your Own Research).
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