Resistance

Reversal

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>The token signifies a neutral outlook and is holding gains on the 200-day EMA mark.</a></li>
 <li><span>2</span> <a>Buyers are eagerly awaiting for a reversal and persisted in accumulation.</a></li>
</ul>
<p>The KAVA token price signifies a rounding top formation and dragged gains from the highs of $0.950, which reveals a selloff in the last sessions. However, the token holds gains above the critical support mark of $0.650, from where a rebound was glimpsed. Additionally, the buyers are keen to register a reversal above the swing hurdle of $0.800, which, if surpassed, a spike toward $0.950 can be anticipated.</p>
<p>The KAVA price has jumped above the key moving averages and is directing a mild negative outlook for the past sessions. Until the $0.8500 mark is breached, fresh buying momentum is not triggered, and the sell-on-rise trend may continue, which leads to panic among investors. Per the Fib retracement levels, the token has sustained above the 23.6% zone but still below the 38.2% zone.</p>
<p>The KAVA token (KAVA) price was $0.7702 at press time, with an intraday drop of 1.67%, showing neutrality on the charts. Moreover, the trading volume increased by 43.27% to $46.75 Million. The pair of KAVA/BTC is at 0.0000151 BTC, and the market cap is $54.10 Million. Analysts are neutral and suggest that the KAVA token price will face volatility and may regain momentum above $0.900 soon.</p>
<h2 class="wp-block-heading" id="strong-kava-displays-selloff-from-highs-on-daily-timeframe-strong"><strong>KAVA Displays Selloff from Highs on Daily Timeframe</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/OX8IuGQ0aDpivgFDLqNrVeY5eVwUt-TQHqtkU9GWrxomQLn1kP1xiNle9EwGLOZ-LxQKl8RvpUUTFfqVkEhwSFq2tltbQ2AsQ9-es0mE-5XhMdbc2ewfo5f3u_dspzYwIMLIXJ1_NDw4PrVKS7GfOHw" alt="KAVA Price Prediction: Does KAVA Hint a Reversal Above $0.8000?">
  <figcaption class="wp-element-caption">
   Source: KAVA Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>On the daily charts, the token price slips below the neutral region and is trying for a bounce to retain the trajectory swing of $0.800. If the token decisively sustained above the 200-day EMA mark, it will be a positive sign, and buyers may succeed in attaining a rebound beyond $0.8000.&nbsp;</p>
<p>The Relative Strength Index (RSI) curve retained the midline of 50, indicating buyers’ accumulation on the charts. Similarly, the MACD indicator shows a bullish crossover and displays neutrality, suggesting that the token might soon retest the upside of $0.8000.</p>
<h3 class="wp-block-heading" id="strong-kava-exhibits-rejection-from-50-day-ema-on-weekly-timeframe-strong"><strong>KAVA Exhibits Rejection from 50-day EMA on Weekly TimeFrame</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/QWZ__cLKkP_i8EhgFmd4k91er8dXp2kQBATojQGb3YEK-KIE6xb-0j49EEI85CU6X8CZAY-4ojAizDakFg8QvhpowxwCx4XOQcxFZAsCwI8_sVwTjXlcQM7AVKvg-dU0fLlPzD7i4t2Q7ZwKIsJIU-o" alt="KAVA Price Prediction: Does KAVA Hint a Reversal Above $0.8000?">
  <figcaption class="wp-element-caption">
   Source: KAVA Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>On the weekly charts, the token failed to scratch the 50-day EMA, and a severe rejection was witnessed, which hints the sellers’ dominance. If the trendline support of $0.7000 breaches, the token may slip toward $0.5000 in the following sessions. However, the token must surpass the 50-day EMA for a fresh reversal. However, the token was trading in the bearish trajectory, and if it slips below $0.7500, further selloff may be possible.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The <a href="https://www.thecoinrepublic.com/2024/02/20/ethereum-classic-crypto-could-rally-20-as-bulls-turn-aggressive/" target="_blank" rel="noopener noreferrer nofollow">KAVA token price</a> signifies a selloff from the highs and is attempting a rebound above the key hurdle of $0.8000. Furthermore, the trend is neutral, and the token will continue to face volatility, which might lead to a bounce or selloff soon.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.750 and $0.720</p>
<p><strong>Resistance Levels:</strong>$0.850 and $0.900</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

KAVA Price Prediction: Does KAVA Hint a Reversal Above $0.8000?

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Thecoinrepublic.com

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