Kedana (KDA) gained over 37% in the previous 24 hours and seemed ready to retest its $25 ATH and possibly attain new peaks in the sessions to come.
Kedana is among the top cryptocurrency performers in recent days. That comes as the blockchain entered the non-fungible tokens (NFTs) and decentralized finance (DeFi) space.
KDA Gained 37% in 24Hrs
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The crypto space recovered from the brief plummets seen earlier today. At this publication, BTC and other virtual tokens hover in the green. Bitcoin gained around 1% in the previous day but maintained near its ATH of $68,641.
Kedana has performed well among the top-100 digital coins by market value. While publishing this article, KDA trades 38% in the previous 24 hours, hovering beyond $22. For now, the altcoin is down by nearly 10% from its ATH of $25.34, recorded 72 hours ago.
KDA’s recent surge comes as the blockchain entered the NFT and DeFi industry. Kedana introduced its wrapped version, wKDA, last week. This version works on the ETH blockchain, allowing KDA to interact with all ETH Virtual Machine-tied DeFi platforms.
Moreover, the Kedana network hosts some non-fungible token projects. The Kedana blockchain now supports NFT, and various projects started launching on the crypto network. The UFO team declared building a non-fungible token gaming network on the ADA ecosystem.
Kedana (ADA) to Touch $25 Soon
KDA trades nearly 10% low from its $25.34 ATH recorded over the weekend. However, the token’s recent upswings show that ADA will retest its ATHs and register another one in the days to come. Meanwhile, the alt gained over 300% in the past seven days, outperforming multiple coins in the crypto space. If Kedana proceeds with the current strength, ADA might see higher highs in the coming session.
KDA seems to test its resistance level at $23.9. Overpowering this hurdle may see the crypto surging towards $25 before attaining new peaks. For now, the cryptocurrency industry sees price upswings as most assets recover from the slight plummets seen in the past few sessions. BTC joined the recovery road, trading at 68,377. If the dominant crypto extends its upsurges, alternative coins, including Kedana (KDA), will hit its projected targets.
