Kava Price Analysis: Will KAVA again Showcase its Potential?


  • Kava price analysis is bullish today.
  • KAVA price flashes signs of bullishness on 7-days price chart.
  • KAVA has its next resistance at $1.49.
  • In terms of KAVA support floor, it is now $1.33.

22 April 2024 : In this article we will walk you through Kava price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Kava, Is KAVA a good investment? Kava support & resistance levels etc. But before diving deep into the KAVA technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,428,358,940,361. The total trading volume stands at $61,510,459,633. Bitcoin shares 53.53 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $66,010.52 level after an upward movement of 1.25%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.02 percent reaching to $3,214.03 during the previous 24 hours.
While publishing this blog, BNB traded at $604.28, following a price change of 4.83% within the same time frame. SOL the native coin of Solana is up by 0.4 and currently trading at $152.02. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Kava Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Kava (KAVA)

KAVA Resistance Levels KAVA Support Levels
Resistance Level 1 $1.49 Support Level 1 $1.33
Resistance Level 2 $1.57 Support Level 2 $1.24
Resistance Level 3 $1.65 Support Level 3 $1.17

Kava Performance

The current Kava price is $0.72, with a trading volume of $24,982,007.00 in the past 24-hours. Currently, KAVA is up by 4.76% since yesterday with a market capitalization of $774,512,582.00 USD.

Kava Price Analysis

KAVA price analysis for 22 April 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Kava.

Moving Averages Price Indicator
Simple Moving Average (10) 1.44 Sell
Exponential Moving Average (10) 1.44 Sell
Simple Moving Average (20) 1.48 Sell
Exponential Moving Average (20) 1.48 Sell
Simple Moving Average (50) 1.55 Sell
Exponential Moving Average (50) 1.55 Sell

The relative Strength Index (RSI) indicates that the KAVA coin is in oversold phase, as RSI is at 21. While KAVA’s Williams %R indicator is at -65.263 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The Kava has break all its supports levels and things are not looking good for the crypto market. Currently, bears are in control of the market and successfully take KAVA price below the crucial support level of $1.33. The KAVA/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term sell signal as the MACD line is moving below Signal Line Which means bears are dominating in the market.

Conclusions

Kava market shows a bullish signs, and bulls can push KAVA higher in the coming sessions. KAVA has a resistance at $1.49, beyond which the coin would move toward next crucial resistance at $1.57.