Kava Price Analysis: Can a Sustained Move in KAVA Bring the Rally to the $10 Level?bit2main
- Kava token seems to be in buyers’ control after seeing a bullish hammer candle on 26 July.
- The altcoin price is trading above the red moving lines of EMA Ribbon indicator over the daily price scale.
- The KAVA coin along with the Bitcoin pair is slightly up by 0.5% at 000009294 Satoshis.
The KAVA token is looking bullish this week after breaching the short-term sideways zone. This week, buyers observed an aggressive for uptrend, thus altcoin’s price action continues to draw the green candles over the daily price scale.
This week, buyers saw a bullish breakout after long-term accumulation near the 90-day lowest level. KAVA token is trading against the USDT trading at $2.16 Mark at the time of writing. Amid higher-high momentum, altcoin registered the 60-day high at the $2.194 mark this week.
The KAVA token made a long-legged Doji candle last week. Thus, the buyers gained over 14% so far this week. The low of this weekly candle of $1.8 Mark could be the support if bears attempt for sell-off. Amidst up moves, altcoin price is trading above the red moving lines of EMA Ribbon indicator over the daily price scale.
The Market cap of KAVA token is up 2.6% in the last 24-hours at $520 Million as per the CMC data. Against the uptrend, the trading volume decreased, resulting in speculators seeing a drop of 14% last night. Moreover, the KAVA coin along with the Bitcoin pair is slightly up by 0.5% at 000009294 Satoshis.
Which is an Upcoming Resistacne Level?
In terms of the daily price scale, buyers rarely hold the asset price above the parabolic SAR indicator. Similarly, the RSI indicator reached the 67-level, suggesting a bullish trend for the Kava crypto.
The KAVA token has completed its consolidation over the past few weeks. Now buyers seem aggressive for a more bullish rally. If buyers manage $3, a bullish rally is likely to be seen ahead. resistance zone.
Support level – $2.0 and $1.5
Resistance level- $3.0 and $5.5
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.