Market Overview for Kadena/Bitcoin (KDABTC) – October 22, 2025

• Kadena/Bitcoin (KDABTC) posted a 24-hour low of $0.00000074 and closed at $0.00000071.
• Price action shows a sharp sell-off from $0.00000189 to $0.00000074, with heavy volume during the drop.
• RSI and MACD signal significant bearish momentum, indicating oversold territory.
• Volatility expanded dramatically during the selloff, with price falling below key Fibonacci levels.
• Turnover surged during the decline, confirming bearish sentiment but lacking follow-through strength.

The Kadena/Bitcoin (KDABTC) pair opened at $0.00000194 on October 21 at 12:00 ET and reached a high of $0.00000196 before plunging to a 24-hour low of $0.00000074. The pair closed at $0.00000071 at 12:00 ET on October 22. Total volume for the 24-hour window was 11,289,708.35 KDA, while notional turnover amounted to $8.13 million, with the majority occurring during the sharp selloff between 19:45 and 20:30 ET. The price action appears to reflect broad selling pressure, likely triggered by a shift in broader market sentiment and liquidity exhaustion.

Structure and formations suggest a critical support level forming near $0.00000074–$0.00000076, as seen in the final hours of the 24-hour window. Several bearish patterns were evident, including a long lower shadow and a hanging man formation near the $0.00000083–$0.00000088 range. Resistance levels are now likely to be found around the $0.00000085–$0.00000087 range, though a rebound to $0.00000090 could test early buyers. The 20-period and 50-period moving averages on the 15-minute chart both sloped sharply downward, confirming the bearish momentum. On the daily chart, the 50-period, 100-period, and 200-period EMAs appear to be in alignment, reinforcing the downward trend.

MACD shows a large bearish crossover, with the histogram diverging further into negative territory, indicating sustained selling pressure. RSI has collapsed into oversold territory, currently reading below 25, suggesting a potential short-term bounce is possible but unlikely without a clear catalyst. Bollinger Bands reflect a sharp expansion, with prices currently resting near the lower band, consistent with the oversold reading. This setup may signal a potential rebound, though the magnitude will depend on whether volume supports such a move. Notably, Fibonacci retracement levels from the recent swing high at $0.00000189 indicate the 61.8% level at $0.00000112 as a potential short-term retest level, but the current structure suggests this is unlikely without a fundamental shift.

Backtest Hypothesis
A potential RSI-based backtest strategy could be applied to this pair to assess its behavior during such sharp selloffs. Using a 14-period RSI with standard 30/70 thresholds for oversold/overbought levels, signals could be generated when price breaks below or above these levels. Applying this to the 15-minute chart would allow for testing of short-term mean-reversion trades during volatile periods like the one observed here. Close prices would be used, with no risk controls applied in the initial test, to isolate the signal's performance. Given the strong bearish momentum and current oversold reading, the RSI-based strategy might suggest a short-term long bias, though this would need validation through a historical backtest from 2022 to 2025.

Forward-looking, Kadena/Bitcoin may test the $0.00000074 support level over the next 24 hours, with a possible rebound toward $0.00000076–$0.00000078 if volume picks up. However, a breakdown below $0.00000074 could accelerate the move toward $0.00000065–$0.00000068. Investors should monitor volume and RSI for signs of exhaustion or a potential reversal.