A bullish reversal in KAVA prices starts after a sharp increase in buying pressure at $1.36, resulting in a jump to $1.75. Key technical points: The market price has appreciated 5.79% over the past five days. The price action shows the daily candle struggling to surpass the midline of the Bollinger band. The 24-hour trading volume of Kava is $48.79 Million, indicating a hike of 92%. Past Performance of KAVA KAVA price action shows a bearish reversal from the $3 after a head and shoulder breakout resulting in a fall under $1.50. The bearish turnaround accounts for a 45% drop in market value leading to a sideways trend above $1.36. However, the improving sentiments drive the prices higher to $1.75, teasing a jump to $2. Source- Tradingview KAVA Technical Analysis KAVA price action shows a higher price rejection candle but the increased trading volume keeps the bullish hope alive. Hence, traders can expect the candle closing above the $1.75 mark as an entry spot. MACD indicator: The fast and slow lines take a positive turnaround resulting in the bullish crossover and restarting the trend to reach the zero line. Moreover, the bullish MACD histograms resurfacing increase the likelihood of a bullish trend. RSI indicator: The RSI slope shows growth in underlying bullishness as the sideways trend above the oversold boundary takes a positive spin. Moreover, the reversal rally surpasses the 14-day SMA and continues the uptrend to achiev...
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