Kava

Ethereum

Rally

Long

2024

<p><strong>Kava Crypto staged a comeback after buyers successfully defended the $0.66 level and the price bottomed out leading to a short covering.&nbsp;</strong></p> 
<p>The Kava crypto extended the rise for the 5th consecutive session on Friday. The KAVA/USD pair staged a comeback from the monthly low value and $0.66 level and is headed towards the recent swing high value of $0.95.&nbsp;</p> 
<p>The recent price rise shows the domination of bulls over the short term trend. The crypto is headed higher to book its fourth weekly gain. Moreover, the crypto has benefited from the positive sentiment in the overall crypto market.&nbsp;</p> 
<p>The market leaders Bitcoin and Ethereum both are rising continuously near their record highs which is driving the whole market on the higher side. BTC is hovering near the $60k mark and ETH was trading close to $3,422 at press time.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/V5oUq4uD7RPsVSVpvPZ5kEO4yVvPmMxy1-KMKng6txAI4Haq-tT_aRn6l0BCIm_c9CkTnLxG6ndMvnlQJ7pMKAvnUNzciRJ500rdah1SEPG7Q6f727bKuMEMNCO2zk3-BJubD4bI0NuSk5LxVBSQJes" alt="Kava Crypto">
  <figcaption class="wp-element-caption">
   Source: CoinMarketCap
  </figcaption>
 </figure>
</div> 
<h2 class="wp-block-heading" id="strong-kava-crypto-long-term-trend-analysis-strong"><strong>Kava Crypto Long Term Trend Analysis</strong></h2> 
<p>The long term outlook lies on the neutral to positive side above the dynamic support of the 200-Day exponential moving average. The price performance shows that the crypto has surged nearly 12% in the past week and nearly 18% in the current month.&nbsp;</p> 
<p>The short term trend outlook lies on the bullish side as the price is forming higher lows.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-kava-crypto-indicator-analysis-strong"><strong>Kava Crypto Indicator Analysis</strong></h3> 
<p>From a Technical perspective, <a href="https://www.thecoinrepublic.com/2024/01/30/kava-crypto-can-kava-crypto-price-on-the-verge-of-a-big-rise/" target="_blank" rel="noreferrer noopener">Kava crypto </a>hovers above the 20 and 50 Day EMAs suggesting a positive outlook in the short term. Also, the price is moving comfortably higher than the 200-Day EMA, indicating a positive trend prevailing in the long term.&nbsp;</p> 
<p>At the time of writing, the RSI line was placed at 75.34 points and that of the SMA line was at 64.55 points suggesting a positive trend prevailing in the short term. Also, the RSI line has entered an overbought region suggesting a correction pending in the crypto.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-kava-price-prediction-march-2024-strong"><strong>Kava Price Prediction March 2024</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="472" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-25-1024x472.png" alt="Kava Crypto" class="wp-image-195097" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-25-1024x472.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-25-300x138.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-25-768x354.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-25-1536x708.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-25-750x345.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-25-1140x525.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-25.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   KAVA/USD Chart by TradingView
  </figcaption>
 </figure>
</div> 
<p>On the higher side, the price has more room to hover till the previous swing high till the $0.95 level. The most bullish price prediction of analysts hope for the price to retrace the $1 level on the higher side.</p> 
<p>The bearish view of analysts hope for the price to break below the $0.8 level below which more downside move may be observed till the $0.7 and $0.6 levels.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-kava-crypto-price-prediction-2024-strong"><strong>Kava Crypto Price Prediction 2024</strong></h3> 
<p>The price forecast for the year 2024 is that the KAVA token price could reach a high of $1.45, suggesting a potential gain of over 68.8% if the most positive conditions prevail. Moreover, the negative outlook of the analysts is that the price could reach $1.177.</p> 
<h4 class="wp-block-heading"><strong>Kava Price Prediction 2025</strong></h4> 
<p>By 2025, the Kava price may attain $2.21 on the higher side. On the flip side, the minimum price up to which the crypto price may rise by the year 2025 is $1.62.</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Kava Crypto Targets $1 As It Prepares For A Major Bullish Rally

목차

Thecoinrepublic.com

2024년 3월 1일에 게재된 다른 기사

Bitcoin Ordinals Enthusiast Reclaims Lost Cash Following NFT Overpayment Error

Crypto Mining Data Collection Halted by US Administration Amid Ongoing Lawsuit

Privacy Coins Lose Ground to New Blockchain Technologies

Blockchain Association Urges Court to Dismiss SEC-Kraken Lawsuit

Agoras: Currency of Tau (AGRS) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Shiba Inu Could See A 2,100% Run If This Happens

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!