Kava

Ethereum

Resistance

Million

Cosmos

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>KAVA is currently trending at $0.850289 with a decline of -2.53% in 24 hours.</a> </li> 
 <li> <span>2</span> <a>Kava crypto’s current market cap is $553,352,800 with a 24-hour trading volume of $15,707,351.84.</a> </li> 
</ul> 
<p>Kava is a DeFi platform that allows users to borrow and lend assets using various cryptocurrencies as collateral. The platform runs on the KAVA cryptocurrency, which rewards users who create the USDX stablecoin, and lets them vote on the network’s governance. Kava is based on the Cosmos SDK, which enables scalability and interoperability across different blockchains. Kava also offers Ethereum compatibility through the Kava EVM, which enables developers to build and deploy smart contracts on the platform.</p> 
<p>KAVA price shed -17.78% in a month and gave a -15.91% return in the previous 6 months. However, year-to-date, it gave an impressive return of 49.04%.</p> 
<p>As per TradingView, most of the technicals are neutral or on the sell side. Kava (KAVA) has a fully diluted valuation (FDV) of $553,114,181. This is a hypothetical market cap, based on the assumption that all 650 Million KAVA tokens are circulating today. Kava fell over -90.67% in a span of 2 years from the peak price of $9.12.The trading volume of Kaa rose by 72.80% in 24 hours.</p> 
<h2 class="wp-block-heading" id="strong-kava-protocol-price-technical-analysis-strong"><strong>KAVA Protocol Price Technical Analysis</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="465" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/KAVA-Protocol-Price-Technical-Analysis-1024x465.webp" alt="KAVA Protocol Price Technical Analysis" class="wp-image-154117" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/KAVA-Protocol-Price-Technical-Analysis-1024x465.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/KAVA-Protocol-Price-Technical-Analysis-300x136.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/KAVA-Protocol-Price-Technical-Analysis-768x348.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/KAVA-Protocol-Price-Technical-Analysis-750x340.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/KAVA-Protocol-Price-Technical-Analysis-1140x517.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/KAVA-Protocol-Price-Technical-Analysis.webp 1272w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: KAVA /US DOLLAR by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p><a href="https://www.thecoinrepublic.com/2023/05/26/kava-price-prediction-will-kava-price-drop-below-0-8/" rel="noopener noreferrer nofollow">KAVA</a> stock price is in a critical phase, forming lower lows patterns and trading in a narrow range. However, it recently faced resistance at the 200 MA level. The stock price is trading below the 50-day and 200-day simple moving averages (SMA), indicating neutral momentum. The moving average convergence divergence (MACD) indicator consolidates around the zero line. The MACD line has crossed below the signal line, suggesting a possible bearish momentum. The relative strength index (RSI) is in neutral territory, showing weakness in price.</p> 
<h3 class="wp-block-heading" id="strong-volume-analysis-strong"><strong>Volume Analysis&nbsp;</strong></h3> 
<p>KAVA’s average trading volume for the last 24 hours is 122.782K and the last 10 days’ average trading volume is 227.045K. A decline in volume has been seen.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>KAVA is facing tight competition between bears and bulls. KAVA is attempting to escape from a downward pattern with two obstacles: a trendline and the 200-day EMA. The price movement suggests that investors need to wait for a clear set-up to determine the next direction. KAVA’s price is in a neutral zone right now. Moreover, indicators such as the EMA, RSI, and MACD are showing bearish signs for KAVA crypto. The current situation demands that traders and investors be cautious and look for a definite signal of the market breaking up or down beyond the boundaries before making any decisions in the future.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels:</strong></h5> 
<ul> 
 <li><strong>Support – </strong>The current support level is $0.804.</li> 
</ul> 
<ul> 
 <li><strong>Resistance –</strong>The current resistance level is $1.042.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis given in this article is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in crypto is a risky task. Please consider your circumstances and risk profile before making any investment decisions.</p>

KAVA Crypto Price Prediction: KAVA On A Critical Level

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