The KAVA price has been a little volatile ever since the relaunch on the. The objective here is to analyze and make predictions based on what we have seen over the past few days, as well as data from around the crypto market. KAVA price predictions remain rooted on the bearish end of the spectrum after the KAVA/USDT pair opened lower this Thursday. After three days of modest gains, the pair is down 1.15% and struggling to push off the 1.788 support level. Ichimoku analysis of the KAVA/USD pair, confirms that the Lagging Span is below the Cloud, a sign that suggests there is bearish pressure on this pair. A break below $1.71 could expose support at $1, while downside pressure against this level remains as long as support stays above $1.70.
KAVA Price Prediction
The KAVA price prediction on the other hand is based on the recent trading activity and its general performance over the past week. The upper boundary of the Ichimoku cloud for the KAVA/USD pair is at $1.70 and the lower boundary is at $1.30, which represents that a reversal is more likely to happen if prices move in a bearish manner from these levels. Supporting this view is the conversion line (blue), which is level with the price. The lagging span (purple) is sloping downward and below the price, while the relative strength index (RSI) is close to 50.00 and trending downwards, all indicating that this might be an ideal time to pick up some cheap KAVAs. Today, the crypto market performed in a bearish manner as major digital assets recorded losses against both USD and Bitcoin [BTC]. However, we believe there are better opportunities to buy cheaper digital assets before a larger recovery happens once buyers enter the market again or when we see further inflows into altcoins from top cryptocurrencies like BTC.
Will KAVA Keep Pumping?
The overall trend of this pair is identified by the conversion line (blue), moving average (red), and the price (black). Buyers have pushed the KAVA/USD pair through a major resistance level at $1.788, above which a further attack on $1.82 is possible as long as buyers remain in control. As long as this remains true, we believe we could see further gains until it meets stiff selling pressure at $1.788 once again and subsequently at $1.82, its previous support level, where sellers will attempt to defend from further losses by buying the pair again to pick up some more cheap KAVAs while they can. If you are looking to buy cheap KAVAs while they are still relatively cheap and receive your payment in a couple of days then this is the time to buy. It is best to move in when prices are low and sell when they are high, so as not to be affected by price fluctuations, which can change quickly in the short term.
KAVA Price Forecast: Support Remains Vulnerable
The price has been a little volatile ever since the re-launch on the 8th of March. The objective here is to analyze and make predictions based on what we have seen over the past few days, as well as data from around the crypto market. The KAVA price prediction on the other hand is based on the recent trading activity and its general performance over the past week. The upper boundary of the Ichimoku cloud for the KAVA/USD pair remains at $1.70 and $1.80, which represents that a reversal is more likely to happen if prices move in a bearish manner from these levels. Supporting this view is the conversion line (blue), which is level with the price. The lagging span (purple) is now below the price, while the relative strength index (RSI) is close to 50.00 and trending downwards, all indicating that this might be an ideal time to pick up some cheap KAVAs.
Probability of a Kava Price Rebound
The overall trend of this pair is identified by the conversion line (blue), moving average (red), and the price (black). The KAVA/USD pair has already seen a modest rebound this week, as it has retraced its previous bearish move to within $0.023 of its all-time high at $1.65 which was reached on the 13th of February. The pair is still below the Ichimoku cloud and therefore we believe that the current reversal has more to do with general market sentiment rather than a specific directional move from support at $1.65 since it can retrace these levels rather easily once again.
