Kadena/Bitcoin Market Overview

Summary
• Kadena/Bitcoin (KDABTC) declined during the 24-hour period, closing at 2.9e-07.
• A bearish reversal pattern emerged around 02:00–05:00 ET, with a notable drop in price after a brief rally.
• Volatility expanded during early morning hours, but buying pressure was weak.
• RSI indicated oversold conditions in the morning, but price failed to recover.
• Total volume surged by over 20x in a few 15-minute windows, suggesting potential order flow clustering.

The 24-hour session for Kadena/Bitcoin (KDABTC) began with an open of 2.9e-07 at 12:00 ET on November 7, 2025, and closed at 2.9e-07 the following day at the same time. The pair reached a high of 3.7e-07 and a low of 2.3e-07 during the period, reflecting a wide intraday range. Total volume amounted to 7,389,078.47 units, while notional turnover (calculated as volume × price) was approximately 2.04 BTC. Price activity was choppy, showing multiple intraday pivots and a bearish bias after a strong early morning spike.

Structure & Formations

Intraday price action formed multiple bearish engulfing patterns and a doji around 02:00–03:00 ET, signaling indecision and potential exhaustion. A key intraday support level formed at 2.8e-07, where price found several bounces, but it failed to hold after 05:15 ET. A notable bearish flag pattern emerged between 05:00 and 07:00 ET, which concluded with a break below the consolidation range, confirming downward momentum.

Moving Averages

Short-term 15-minute moving averages (20/50) showed price dipping below both in the early hours of November 8, reinforcing the bearish tilt. On the daily chart, the 50-period moving average crossed below the 200-period line, forming a potential death cross, although confirmation is pending for the next 24–48 hours. Price remains under the 100-period MA on the daily chart, indicating a longer-term bearish bias.

MACD & RSI

The MACD crossed below the signal line during the overnight session, and the histogram showed a strong bearish divergence. RSI dropped to an oversold condition in the early morning, but the move lacked follow-through, suggesting a potential false signal. A failure to break above 30 in RSI without a price recovery could signal a deeper correction.

Backtest Hypothesis

Given the bearish signal from the RSI and MACD divergence, a backtest strategy could target short entries on a break below the 2.8e-07 level with a stop above 3.1e-07. This approach would align with the observed 15-minute engulfing and flag patterns. However, the correct ticker symbol for Kadena/Bitcoin (KDABTC) is required to access historical data for a full backtest across 2022-2025.

Bollinger Bands

Bollinger Bands widened significantly between 04:15 and 05:00 ET, reflecting rising volatility. Price closed below the 20-period lower band during this expansion, suggesting increased bearish momentum. However, the bands have since contracted, indicating potential consolidation or exhaustion. Price may find near-term support at the 20-period lower band or the 2.7e-07 level.

Volume & Turnover

Volume spiked above 500,000 units during the 04:15–05:00 ET window, coinciding with a sharp drop in price. This suggests significant selling pressure at the time. However, subsequent volume failed to confirm a strong follow-through bearish move, with volume dropping below 50,000 units during the 05:30–06:00 ET period. A divergence between price and volume suggests potential caution ahead of the next move.

Fibonacci Retracements

Applying Fibonacci levels to the 04:15–05:00 ET move, price found temporary support at the 38.2% retracement level (2.8e-07), which aligned with the 20-period lower band. A break below 2.7e-07 (61.8% retracement) could open the path to a retest of the 2.5e-07 level seen at 15:30 ET. A failure to hold above the 2.7e-07 level could trigger further downside risk.

Outlook & Risk Caveat

While bearish momentum remains strong on shorter-term charts, the lack of follow-through volume after the morning sell-off suggests the move may lack conviction. Investors should watch for a retest of the 2.7e-07 level and divergence signals before committing to directional trades. A breakout above 3.1e-07 could signal a reversal in sentiment, but the near-term risk is to the downside.