- Kava price prediction suggests that the token has been trying to surge towards its recovery phase over the daily time frame chart.
- Kava cryptocurrency has recovered above 20, 50 and 100-days while trying to sustain towards 200-days Daily Moving Average.
- The pair of 0.00004558 BTC with an intraday gain of 0.43%.
Kava price prediction suggests that the token has been trying to recover itself with maximum recovery rate over the daily time frame chart. However, KAVA cryptocurrency needs to skip the consolidation phase near $1.08 to register its breakout with maximum surging percentage. KAVA bulls need to attract more buyers in order to register its breakout from the consolidation phase. Kava has been constant between the price range of $0.97 and $1.08.
Kava price was at $1.04 and has gained 2.96% of its market capitalization during the day’s trading session. Trading volume has decreased by 34% during the intraday trading session. This demonstrates that sellers are trying to short the market for KAVA crypto. Volume to market cap ratio is at 0.1449.
Kava price prediction showcases that the KAVA crypto has surged up to a decent resistance level of $1.08 and then got struck inside the consolidation phase. However, volume change can be seen below average and needs to grow for KAVA crypto to continue surging. Meanwhile, Kava cryptocurrency has recovered above 20, 50 and 100-days while trying to sustain towards 200-days Daily Moving Average.
Will KAVA Price Remain in the Recovery Phase?
Kava cryptocurrency has been consolidating inside the horizontal range bound area over the daily time frame chart. Technical indicators suggest that KAVA price is about to enter the overbought territory.
Relative Strength Index showcases that Kava is about to enter the overbought territory. RSI is at 68 and is about to enter the overbought territory. MACD exhibits the consolidation phase of KAVA crypto. The MACD line is ahead of the signal line after positive crossover. Investors in KAVA need to wait for any directional change over the daily time frame chart.
Summary
Kava price prediction suggests that the token has been trying to recover itself with maximum recovery rate over the daily time frame chart. However, KAVA cryptocurrency needs to skip the consolidation phase near $1.08 to register its breakout with maximum surging percentage. However, volume change can be seen below average and needs to grow for KAVA crypto to continue surging. Technical indicators suggest that KAVA price is about to enter the overbought territory. Investors in KAVA need to wait for any directional change over the daily time frame chart.
Technical levels
Resistance levels : $1.08 and $1.15
Support levels : $0.97 and $0.88
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/01/26/kava-price-prediction-will-kava-skip-consolidating-and-continue-soaring/