Resistance

Reversal

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>The token signifies a neutral outlook and is holding gains on the 200-day EMA mark.</a></li>
 <li><span>2</span> <a>Buyers are eagerly awaiting for a reversal and persisted in accumulation.</a></li>
</ul>
<p>The KAVA token price signifies a rounding top formation and dragged gains from the highs of $0.950, which reveals a selloff in the last sessions. However, the token holds gains above the critical support mark of $0.650, from where a rebound was glimpsed. Additionally, the buyers are keen to register a reversal above the swing hurdle of $0.800, which, if surpassed, a spike toward $0.950 can be anticipated.</p>
<p>The KAVA price has jumped above the key moving averages and is directing a mild negative outlook for the past sessions. Until the $0.8500 mark is breached, fresh buying momentum is not triggered, and the sell-on-rise trend may continue, which leads to panic among investors. Per the Fib retracement levels, the token has sustained above the 23.6% zone but still below the 38.2% zone.</p>
<p>The KAVA token (KAVA) price was $0.7702 at press time, with an intraday drop of 1.67%, showing neutrality on the charts. Moreover, the trading volume increased by 43.27% to $46.75 Million. The pair of KAVA/BTC is at 0.0000151 BTC, and the market cap is $54.10 Million. Analysts are neutral and suggest that the KAVA token price will face volatility and may regain momentum above $0.900 soon.</p>
<h2 class="wp-block-heading" id="strong-kava-displays-selloff-from-highs-on-daily-timeframe-strong"><strong>KAVA Displays Selloff from Highs on Daily Timeframe</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/OX8IuGQ0aDpivgFDLqNrVeY5eVwUt-TQHqtkU9GWrxomQLn1kP1xiNle9EwGLOZ-LxQKl8RvpUUTFfqVkEhwSFq2tltbQ2AsQ9-es0mE-5XhMdbc2ewfo5f3u_dspzYwIMLIXJ1_NDw4PrVKS7GfOHw" alt="KAVA Price Prediction: Does KAVA Hint a Reversal Above $0.8000?">
  <figcaption class="wp-element-caption">
   Source: KAVA Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>On the daily charts, the token price slips below the neutral region and is trying for a bounce to retain the trajectory swing of $0.800. If the token decisively sustained above the 200-day EMA mark, it will be a positive sign, and buyers may succeed in attaining a rebound beyond $0.8000.&nbsp;</p>
<p>The Relative Strength Index (RSI) curve retained the midline of 50, indicating buyers’ accumulation on the charts. Similarly, the MACD indicator shows a bullish crossover and displays neutrality, suggesting that the token might soon retest the upside of $0.8000.</p>
<h3 class="wp-block-heading" id="strong-kava-exhibits-rejection-from-50-day-ema-on-weekly-timeframe-strong"><strong>KAVA Exhibits Rejection from 50-day EMA on Weekly TimeFrame</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/QWZ__cLKkP_i8EhgFmd4k91er8dXp2kQBATojQGb3YEK-KIE6xb-0j49EEI85CU6X8CZAY-4ojAizDakFg8QvhpowxwCx4XOQcxFZAsCwI8_sVwTjXlcQM7AVKvg-dU0fLlPzD7i4t2Q7ZwKIsJIU-o" alt="KAVA Price Prediction: Does KAVA Hint a Reversal Above $0.8000?">
  <figcaption class="wp-element-caption">
   Source: KAVA Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>On the weekly charts, the token failed to scratch the 50-day EMA, and a severe rejection was witnessed, which hints the sellers’ dominance. If the trendline support of $0.7000 breaches, the token may slip toward $0.5000 in the following sessions. However, the token must surpass the 50-day EMA for a fresh reversal. However, the token was trading in the bearish trajectory, and if it slips below $0.7500, further selloff may be possible.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The <a href="https://www.thecoinrepublic.com/2024/02/20/ethereum-classic-crypto-could-rally-20-as-bulls-turn-aggressive/" target="_blank" rel="noopener noreferrer nofollow">KAVA token price</a> signifies a selloff from the highs and is attempting a rebound above the key hurdle of $0.8000. Furthermore, the trend is neutral, and the token will continue to face volatility, which might lead to a bounce or selloff soon.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.750 and $0.720</p>
<p><strong>Resistance Levels:</strong>$0.850 and $0.900</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

KAVA Price Prediction: Does KAVA Hint a Reversal Above $0.8000?

Mục lục

Thecoinrepublic.com

Các bài viết khác được xuất bản trên 21 thg 2, 2024

Crypto exchange HTX applies for Hong Kong license

BitMex Founder Arthur Hayes Calls Cardano (ADA) ‘Dog Shit’

Binance Announces the Altcoin It Chose for the 47th Launchpool Project! BNB Mobilized After the A...

AMP Token: A Beginners Guide to AMP Token and ERC20 Standard

Why SHIB ‘to the moon’ may be ‘very possible’

Analysts Predict Scorpion Casino to Give 100x Gains instead of Bitcoin Minetrix in the Next Crypt...

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!