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Kava

KAVA Surges as Investors Seek Buying OpportunitiesInvestors in the cryptocurrency market are looking for buying opportunities despite the current volatility of Bitcoin and Ethereum. As a result, many traders are turning to bullish altcoins like KAVA, which has been showing steady price growth despite market selling pressure. KAVA, a native token of the KAVA blockchain, recently completed a higher low price formation above an ascending trend line. From a monthly low of $0.667, KAVA's price has risen by more than 35% in just five days. KAVA Attempts Breakout While Bitcoin's price is falling, KAVA's price continues to rise this week. KAVA’s investors seem to be unaffected by a potential drop in Bitcoin's price. KAVA's price surged towards a bullish hurdle on May 10th, reaching a 20-day high at $0.909 with a remarkable 10.6% gain on Wednesday. Currently, the altcoin is trading against the USDT pair at $0.906. KAVA's Future Looks Promising Trading volume indicators suggest that there has been significant accumulation of KAVA coins near the support trendline. KAVA witnessed the highest trading activity in the last few months in the month of May. The KAVA coin is currently trading above the 50 simple moving average, with bulls pushing the price up. Historically, the 200-SMA has acted as a significant support and resistance level for sellers. The market is now waiting to see if the bulls can maintain their momentum and push the price of KAVA beyond the 200-SMA. The Relative Strength Index (RSI) has crossed the crucial threshold of 50 and is now steadily climbing towards the upper limit. This is an encouraging sign for potential buyers, who could benefit significantly if the coin manages to break through the current resistance trendline. However, we will still need to have Bitcoin at least ranging and not falling for a significant rally to occur.
by cryptohopper
KAVA, Riding the Upward Wave with Buyers' SupportKAVA has been exhibiting an upward trend during the weekly timeframe, resulting in a significant 18% price surge in the past 24 hours. This notable increase can be attributed to the support provided by buyers in the market. Considering the present market conditions, it is crucial for KAVA to avoid a sudden downward reversal and sustain its support around the $0.760 range. If the currency manages to maintain this support level, there is a possibility of another positive price movement, indicating a potential bullish wave. In terms of short-term resistance levels, KAVA faces its first significant hurdle around the $0.90 range. If the price manages to surpass this level, it could signal further upward momentum. The second resistance level for KAVA is observed around the $1 mark, serving as another important barrier to monitor. As investors and traders, it is important to closely observe KAVA's performance, particularly its ability to sustain the current support level and navigate through the resistance levels. These factors will provide valuable insights into the potential future movement of KAVA.
by MonoCoinSignal
2
ALTCOIN SHHOPING. KAVA, LTC, MATIC, KNC, WRXIn this idea I gathered 5 interesting to buy altcoins for today, where a set-up to buy was formed. This is not 5 different trading ideas, but one, because if the growth of altcoins will be all, and vice versa, when correcting, there is a probability of getting 5 stops. Therefore, if you trade any of these instruments, you can take a closer look and choose one. KAVA Higher low + double bottom, price at support + short stop, good reserve for the price increase to the region of 1.05-1.15 LTC Pushing up to the level. Looks good on a breakdown of the 95$ area with targets 100-110-115, a stop can be hidden under 85$. MATIC Higher low + breakdown of the downtrend, volume growth on H1+good price margin. Stop can be hidden under $1, the profit target is 1.2-1.3 KNC Pushing the price to the level of 0.75, looks good for a breakthrough, stop is appropriate for 0.65, the profit targets at 0.82 and 0.95 is an update of the local high WRX A squeeze to the level of 0.18-0.185, false breakdown of this zone, most likely the price will go higher. Stops under 0.155. Take profit targets at 0.215 and 0.25-0.29 Support the author subscribe ✅ and start rocket 🚀. Good luck and profit to all.
CRYPTOCAP:TOTAL3Long
by Kirill_Gaitan
KAVA: Resistance Breakout!Kava (KAVA) technical analysis: Trade setup : Price has broken above $1.00 resistance area and 200-day moving average to resume Uptrend. Upside potential to $1.40+ Momentum turned bullish again (MACD crossover). Our own proprietary research report published on 24th August highlighted several upcoming catalysts that could dramatically increase TVL (Total Value Locked) on this leading DeFi lending platform and potentially drive up the token price. Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.80 (previous resistance), then $0.50. The nearest Resistance Zone is $1.00, which it broke, then $1.40.
Long
by altFINS