Harmony

Kadena

Date: Fri, Dec 06, 2024, 03:27 PM GMTThe cryptocurrency market continues its bullish trajectory, highlighted by Bitcoin&#39;s (BTC) historic milestone of crossing $100,000. Alongside this achievement, <a href="https://coinsprobe.com/dydx-and-aevo-approaching-key-resistance-levels-what-to-expect-ahead/" rel="noopener noreferrer nofollow">altcoins </a>are beginning to shine as BTC dominance recedes, now standing at 55.48%, down from its recent high of 61.53%.Amid this momentum, Harmony (ONE) and Kadena (KDA) are drawing significant attention due to their strong weekly performances and promising setups for major breakouts.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/8bc77eafeea24397824b510b36ef7c29.png" />Source: Coinmarketcap<h3 id="harmony-one">Harmony (ONE)</h3>Currently trading at $0.034, Harmony (ONE) is sitting within a strong resistance zone of $0.030 to $0.039, a level that has capped the token&#39;s price for nearly two years. This range has proven to be a significant barrier, but the sustained accumulation within this zone indicates growing bullish momentum.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/6e91ec6589c74851aa5bb6b5847f97b7.png" />If Harmony manages to break out from this resistance, the next target lies at $0.14, representing a potential 360% gain from the current price. With the Relative Strength Index (RSI) showing strong upward momentum, the chances of a breakout appear high. However, traders should watch for volume confirmation to ensure the move is sustainable.<h3 id="kadena-kda">Kadena (KDA)</h3>Kadena is trading at $1.76, near a descending trendline that has limited its price movement for nearly two years. This trendline is a critical resistance level, and breaking above it could signal the start of a new bullish phase.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/fdfbbf7799ae43b9aef0c58b08e5380a.png" />If KDA successfully surpasses its immediate resistance levels at $2.04 and $2.48, the next major target would be $7.80, a significant 342% increase from its current price. Kadena’s RSI suggests bullish momentum, but a pullback to retest lower support levels around $1.50 could provide a better entry for investors before a confirmed breakout.<h3 id="are-big-rallies-on-the-horizon">Are Big Rallies on the Horizon?</h3>Both Harmony (ONE) and Kadena (KDA) are showing early signs of bullish momentum, with critical resistance levels within striking distance. A confirmed breakout from these levels could open the door to impressive gains, fueled by increased interest in altcoins as Bitcoin’s dominance declines.For Harmony, breaking the $0.039 level could initiate a rally toward $0.14, while Kadena could see a surge to $7.80 if it clears its $2.48 resistance. With market sentiment on the rise, these assets are worth watching closely.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/dydx-and-aevo-approaching-key-resistance-levels-what-to-expect-ahead/" rel="noopener noreferrer nofollow">DYDX and AEVO Approaching Key Resistance Levels: What To Expect Ahead</a>

Harmony (ONE) and Kadena (KDA) Showing Potential For Major Breakouts: Are Big Rallies On Horizon?

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