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- 1 KAVA price is trading above the key moving averages highlighting the bullish momentum.
- 2 The crypto is up by almost 20% this week showcasing the bullish sentiment.
KAVA crypto trades in a bullish range above the key exponential moving averages. Recently, the price crossed the $1 mark. The crypto surged by almost 20% this week showing the bullishness.
At press time, the KAVA crypto price was trading at $1.0185 with an intraday gain of 1.12%, indicating bullishness on the charts. It has a monthly return of 25% and 20% weekly. It has a market cap of $1.10 Billion. Indicators are bullish and suggest the KAVAUSD price will attain higher levels in upcoming sessions.
Over a week, KAVA crypto has experienced an increase of approximately 20.45%. Moreover, the coin has grown by almost 25.71% in a month, and 6.52% in the last 3 months. It gave an outstanding return of 60.84% in the last 6 months and grew by 15.58% year to date. The data shows the bullishness in the price.
Technical Analysis of KAVA Crypto
KAVA crypto showed bullish strength and daily charts showed bullishness in the price. Moreover, the price is trading above the major EMAs, indicating further strength for the cryptocurrency. The RSI curve is near 60, a positive zone, with a positive outlook indicating bullish sentiment in the cryptocurrency. The MACD indicator also continued to form a green band and a bullish crossover appeared, indicating a corrective move.
KAVA Crypto Price vs Volume Analysis
The volume and price graph displayed that the trading volume has increased in the last few days and the price has also inclined. In the last few days, the price has grown significantly. Hence, the price is expected to grow in the long term.
KAVA Crypto Social Dominance vs Social Volume
Based on the social dominance and social volume graph, the social dominance and social volume have decreased for the last few months which has left a negative impact on the price. Furthermore, the momentum of the KAVA price may depend upon the change in social dominance and volume dominance.
Summary
KAVA price prediction is bullish for the long term till it sustains above key dynamic supports. It displayed a bullish momentum which further boosted the confidence of investors. The technical analysis suggests that the KAVAUSD price is reversing upward and the bullish momentum might continue in the coming months.
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.
Technical Levels
Support Level: $0.9013.
Resistance Level: $1.1497.
Disclaimer
It’s important to note that the views and opinions presented in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading stocks carries inherent risks, and readers should conduct their research before making any financial decisions.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
