Kava is Trading 15.24% Above Our Price Prediction for May 21, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Kava is down -3.91% today against the US Dollar
• KAVA/BTC decreased by -2.87% today
• KAVA/ETH decreased by -3.38% today
• Kava is currently trading 15.24% above our prediction on May 21, 2023
• Kava gained 2.03% in the last month and is down -59.50% since 1 year ago

KAVA price is expected to drop by -13.23% in the next 5 days according to our Kava price prediction

is trading at $ 0.960452 after losing -3.91% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -4.02% in the same time period. KAVA performed poorly against BTC today and recorded a -2.87% loss against the world’s largest cryptocurrency.

According to our Kava price prediction, KAVA is expected to reach a price of $ 0.833450 by May 21, 2023. This would represent a -13.23% price decrease for KAVA in the next 5 days.

KAVA Price Prediction Chart

Buy/Sell Kava

What has been going on with Kava in the last 30 days

Kava has been displaying a positive trend recently, as the coin gained 2.03% in the last 30-days. The medium-term trend for Kava has been bullish, with KAVA increasing by 10.35% in the last 3 months. The long-term picture for Kava has been negative, as KAVA is currently displaying a -59.50% 1-year price change. On this day last year, KAVA was trading at $ 2.37.

Kava reached its all-time high price on Aug 30, 2021, when the price of KAVA peaked at $ 9.18. The current KAVA cycle high is $ 1.21, while the cycle low is at $ 0.513796. KAVA has been displaying low volatility recently – the 1-month volatility of the coin is at 9.13. Kava recorded 19 green days in the last 30 days.

Kava technical analysis for today – May 16, 2023

The sentiment in the Kava markets is currently Neutral, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.984321, $ 0.962402 and $ 0.937812, while $ 1.03, $ 1.06 and $ 1.08 are the key resistance levels.

Neutral sentiment for Kava

15 indicators are currently signaling a bullish prediction for Kava, while 15 indicators are showing a bearish forecast. With 50% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Kava.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 54 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Kava moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Kava is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Kava is at 69.51, suggesting that KAVA is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Kava over the last 50 days. Currently, Kava is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the KAVA closing price for the last 200 days. KAVA is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Kava prediction

After considering the above factors, we can conclude that the current forecast for Kava price prediction is Neutral. KAVA would have to decrease by -13.23% to hit our $ 0.833450 target within the next five days. Moving forward, it will be important to monitor the KAVA market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Kava price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.