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- 1 KAVA crypto price is currently trading at $0.8286 with a rise of 0.47% in the last 24 hours with a current market cap of $573.875 Million.
- 2 KAVA is under bearish pressure.
- 3 KAVA crypto price decreased by -0.96% over the past seven days.
KAVA has performed poorly so far this year. Since the beginning of the year, crypto gave returns of -21.17% while returns over the past 6 months are -6.35%. The return was -10.72% last month and -0.96% last week. Technicals signal selling pressure while the technical oscillators indicate selling. The moving averages are also on the strong sell side. This shows bearish dominance in the market.
However, sellers may approach 50-SMA which is acting as a resistance to the crypto price. However, the 24-hour trading volume (51.912K) is lower than the 10-day average volume (54.983K).
Kava price prediction implies that investor sentiments regarding the KAVA token are bearish. Investors may prefer to keep a keen watch over the crypto. Presently, the KAVA price is below all the key EMA and MA levels.
The present value of KAVA is $0.8291 It has a market capitalization of around $573.875 Million with a fully diluted market cap of $573.875 Million. The crypto has a circulating supply of 693.337 Million.
The KAVA crypto price prediction suggests the token produced an interesting declining pattern. The crypto struggles to move beyond 20, 50, 100, and 200-day daily moving averages.
The KAVA price prediction shows that the token is trying to break the upper trendline on the daily time frame chart. KAVA crypto needs to increase the positive momentum in order to break out from the descending pattern.
Technical Analysis of KAVA Crypto Price in 1-D Timeframe
At the moment, KAVA crypto is trading below the 50 and 200-day simple moving averages, which shows bearish momentum.
The MACD line at -0.0004 and the signal line at 0.0005 are above the MACD line. A bearish crossover is observed in the MACD which signals more bearishness for the KAVA crypto price.
The current value of RSI is 46.09 points. The 14 SMA is below the median line at 53.03 points which indicates that the KAVA crypto is bearish.
Moreover, if selling volume adds up, then the price might conquer supporting SMAs by making lower highs and lows. Hence, the KAVA price is expected to move downwards giving bearish views over the daily time frame chart.
Summary
KAVA technical indicators also reinforce the bearish trend. The MACD, RSI, and EMA are highlighting adverse indications and suggest that the downtrend may continue in the KAVA crypto price. KAVA price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.
Technical Levels
- Support Levels: $0.805 and $0.785
- Resistance levels: $0.869 and $0.847
Disclaimer
The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in crypto involves risk. Please assess your situation and risk tolerance before making any investment decisions.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
