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.
