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- The current price of KAVA is $0.887 and it fell by 0.59% intraday.
- The pair of KAVA/BTC is trading at 0.00003133 BTC and declined by 0.98%.
- KAVA price is trading below the 20,50,100,200 days of Daily Moving Average.
KAVA price action indicates an upcoming upsurge. The bulls might be overpowering the bears.
The price of KAVA is $0.887 at the time of writing and it fell by 0.59% in one day’s session. The price is expected to reach the primary resistance of $1.001 and could move up to the secondary resistance of $1.1827.
If the bull’s calmness from earlier sessions holds, the price may drop towards the secondary support of $0.4841.
Trading volume fell by almost 51.92%. The volume has been steadily decreasing which indicates that the short-selling pressure is increasing on the coin. The bullish trend has begun to go forward as the bulls begin to trade. The market cap-to-volume ratio is 0.0302.
Technical Indicators
The Relative Strength Index is heading toward neutrality. The current RSI is 47.45 which is abo, the bulls might push the RSI towards the overbought zone. KAVA price is trading below the 20,50,100,200-day Daily Moving Averages. The MACD and MACD signal had intersected giving a negative crossover.
Conclusion
The current market trend of KAVA is volatile but there are signs the bulls are taking over the market. KAVA might gain its true capacity and go towards the desired targets of the bulls. There has been a decrease in volume of almost 51.92% indicating the buyer dominance. The MACD and MACD signal have an interest in giving a negative crossover. Investors are eagerly waiting for any movement over the daily price chart.
Technical Levels
Support Levels: $1.001 and $1.1827
Resistance Levels: $0.7816 and $0.4841
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
