KENDU Trending On Ethereum Blockchain, Multifold Returns Ahead?

• Kendu Inu crypto is creating a sensation in the Ethereum environment.
• The price of the KENDU crypto is up by 840% from its all-time low price.

Market cap dominance of the Kendu Inu crypto is very low at 0.01%. The market cap of the crypto has advanced to $196.0 Million in a very short span of time.

An X post by the official handle of Kendu Inu crypto shows that KENDU is ranked 1st on the Ethereum blockchain and ranked 2nd on Dextools.

The following X post shows how strong the buzz crypto has created in the crypto market. If further has given huge returns of more than 300% in just last one month.

At press time, the price of the KEDNU crypto was trading at $0.000197 as per CoinMarketCap. Also, a huge surge of 141% in the trading volume of the crypto was recorded in the last 24 hours, resulting in a traded value of $13.63 Million.

The volume/market cap of Kendu Inu is 6.07%. Moreover, 100% of the maximum supply of the crypto is circulating in the market resulting in a circulating supply of 996.74 Billion KENDU.

The price volatility of the crypto is very high at 53.83%, reflecting a higher probability of uncertain spikes in the trading price of the crypto. The fear and greed index of the crypto further is at 72 indicating greed among the investors.

What Does Holding Pattern of the Kendu Inu Crypto Show?

Coincarp’s rich list shows that Kendu Inu has 8,264 holders and the largest holder of the crypto holds 2.23% of the supply resulting in 22.315B KENDU. 

The holding addresses for the crypto have consistently advanced over time which shows that more investors are acquiring the crypto. The top 10 holders of the crypto have 18.38% of the supply.

KENDU can be brought from CEXs and DEXs. Some of the most popular exchanges that support Kendu Inu trading are LBand, Uniswap V2, Uniswap V3 and Bilaxy.

Additionally, no exchanges support the derivatives contracts or ETF of the crypto due to which the crypto cannot be shorted and only its longs can be created by the traders and the investors.

What Does KENDU Crypto’s Price Have Packed In For Investors?

The KENDU INU/ WRAPPED ETHER pair has shown a consistent surge in the trading price of the crypto over the last 30 days.

Closely looking at the 4H chart of the KENDU crypto, consolidation in the price of KEDNU crypto for more than five months can be seen. The crypto further broke out above the consolidation on June 6th, 2024 and since then, the price surged with strong volume. 

Despite the surge in the price of crypto, the candlesticks show ejections in both directions which implies high volatility on the chart. This shows that one must be familiar with these uncertain fluctuations before investing in crypto.

As the price of the KENDU crypto has witnessed a surge in price over the last few days, the majority of the technical indicators are giving a strong buy signal on the chart.

The trading price of the KENDU crypto is 70% above the 50-day EMA on the 4H chart at press time. The 50-day and the 200-day EMAs are trading in a golden cross and the price of the crypto has broken on the higher side of the Bollinger band.

The MACD and the RSI further support for strong uptrend in the price of the KENDU as both the indicators are trading in a bullish trajectory showing strong momentum in the trading price of the crypto.

Summary

Kendu Inu (KENDU) is trending on Ethereum, up 840% from its all-time low. With a market cap of $196M and 0.01% dominance, it ranks first on Ethereum and second on Dextools. 

High liquidity, increasing holders, and strong technical indicators suggest continued bullish momentum, though volatility remains high. The support levels for the KENDU crypto on the lower side are $0.000110 and $0.000160 followed by the resistance levels of $0.00030 and $0.00050.

Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

Pratik Chadhokar