Market Overview: Kadena/Bitcoin (KDABTC) – October 10, 2025

• Kadena/Bitcoin (KDABTC) closed higher after forming bullish reversal patterns in early NY session.
• Price broke above key resistance at 2.90e-6 with increasing volume and momentum support.
• Volatility expanded during the 6 AM–3 PM ET period, suggesting increased market participation.
• RSI crossed into overbought territory, indicating a potential pullback or consolidation phase.
• Bollinger Bands showed expansion post 1 AM ET, reflecting heightened price uncertainty.

24-Hour Summary

Kadena/Bitcoin (KDABTC) opened at 2.84e-6 on October 9 at 12:00 ET and closed at 2.95e-6 on October 10 at 12:00 ET, reaching a high of 3.13e-6 and a low of 2.88e-6. The pair gained 7.43% over the 24-hour period. Total volume amounted to 341,597.76, and turnover was $1,026,461.55. Price action revealed a strong bullish reversal from early in the New York session, followed by a volatile rally and consolidation toward the close.

Structure & Formations

The 24-hour OHLC data revealed a strong bullish engulfing pattern starting at 4:00 AM ET, as the price broke above the 2.90e-6 psychological level with increasing volume. This was followed by a strong breakout at 3:00 AM ET, where the candle closed at a high of 3.08e-6, forming a strong confirmation of bullish momentum. A doji formed at 5:00 PM ET, signaling potential indecision, while the price found immediate support at 2.95e-6 before closing slightly higher. Resistance levels are forming at 3.10e-6 and 3.15e-6, while key supports are at 2.95e-6 and 2.90e-6.

Moving Averages

Using a 20-period and 50-period EMA on the 15-minute chart, the price crossed above the 50-period line at 3:30 AM ET, confirming a shift into bullish territory. The 20-period line acted as a dynamic support, with the price consistently staying above it after 4:00 AM. For daily timeframes, the 50-, 100-, and 200-period EMAs show a clear divergence: the price is above the 50-period but has not yet crossed above the 100- and 200-period lines, suggesting a short-term rally amid broader uncertainty.

MACD & RSI

The MACD crossed into positive territory at 4:30 AM ET, with the histogram expanding through the 7:00 AM ET period, confirming bullish momentum. RSI moved into overbought territory at 3:00 PM ET and remained there until 5:00 PM ET, suggesting a possible exhaustion of upward pressure. A divergence between RSI and price action appeared around 5:00 PM ET, where the price continued to trade higher while RSI flattened, pointing to a potential pullback.

Bollinger Bands

Volatility expanded significantly between 6:00 AM ET and 3:00 PM ET, with the upper band reaching as high as 3.13e-6. Price traded in the upper portion of the band for several hours, suggesting strong bullish pressure. The lower band sat at around 2.88e-6, where the price found support twice. A contraction in the bands occurred from 5:00 PM to 6:00 PM ET, indicating a possible reversal phase.

Volume & Turnover

Volume surged at 2:30 AM ET and again at 3:30 AM ET, coinciding with key price moves above 3.00e-6 and 3.08e-6, respectively. Total turnover increased by over 300% during the morning hours, with the largest single trade at 3:30 AM ET contributing over $85,000 in value. The price and volume moved in sync during the morning, but a divergence emerged around 5:00 PM ET, where the price continued to rise while volume remained subdued, signaling potential consolidation.

Fibonacci Retracements

Key Fibonacci levels were drawn from the October 9 low at 2.88e-6 to the October 10 high at 3.13e-6. The 61.8% retracement level at 3.01e-6 acted as a minor support zone, while the 50% level at 3.00e-6 was broken decisively. On the 15-minute chart, the price found resistance at 3.10e-6, which aligns with a 38.2% retracement level. These levels suggest the current rally could test 3.15e-6 as the next target, with a potential pullback to 3.00e-6 if bearish pressure emerges.

Backtest Hypothesis

A potential backtest strategy involves entering a long position when the price breaks above the 50-period EMA on the 15-minute chart, with a stop loss placed just below the 20-period line. A take profit is triggered if the price reaches the 61.8% Fibonacci level or if the RSI falls below 50, whichever comes first. This strategy could be applied to similar 24-hour patterns in the past week to evaluate its profitability and risk-reward profile. Given the recent divergence in RSI and the doji at 5:00 PM, it would also be useful to test a short entry triggered by a bearish crossover of the 20-period EMA and a close below the 50-period line.