- The KAVA coin price breaks below the 55-EMA during intraday.
- The 24-hour trading volume is at $75 million.
- KAVA/BTC pair is trading positive by 4.2% at 0.00009046 BTC.
Moving Average (EMA) In the KAVA coin daily price chart containing 8,13,21,55 EMA, it is a reliable support for currency price movements. Investors can find that prices are below the yellow line on the daily timeframe. It will guarantee a KAVA downtrend as long as prices are below the moving average.
The volume (2.576 M) is below the 20-day moving average (5.598 M). The volume is low, so the cost is below the 55-EMA for several days. Investors may also mark a decrease in volume. This indicates that unusual changes are expected on the following trading days.
KAVA Coin Price Action Looking To Bounce Back from The Support
The daily price chart of the KAVA coin bounces above the support zone. Depending on the price action, the support area is within $4.60 & $5.20. On the flip side, the resistance range to look for is around $8.20 & $8.80.
The RSI showed a signal of 44 (bearish) with a short-term sell sign. Investors may find that the indicator’s RSI line is running downside. A plunge can happen on future trading days.
The MACD can show a (bullish) cross below the signal line in future trading sessions, indicating a buy signal for the currency. In addition, investors can see the beginning of green bars in the histogram indicator.
Conclusion
Kava price today is $5.24 with a 24-hour trading volume of $75,918,559. KAVA price is down -4.6% in the last 24 hours. It has a circulating supply of 140 Million KAVA coins and a total supply of 152 Million.
RSI and MACD indicate a sell signal. Traders have directed low volume. In fact, the cost rebounds from the support zone. A market overview also shows that this pattern will continue to surge in the coming trading days.
Resistance Level: $8.20 & $8.80
Support Level: $4.60 & $5.20