KAVA prices action shows a bullish pattern, with the trend reversal surpassing the $2 mark. Should you bet on the bullish breakout? Key technical points: The KAVA market price has increased 37% over the past ten days. The price action shows a rounding bottom reversal jumping above the $2 mark. The 24-hour trading volume of KAVA is $166 Million, indicating a hike of 167%. Past Performance of KAVA KAVA price action shows the bearish downfall of the consolidation range between $2.25 and $2.85, reaching the bottom support at $1.35. However, the bulls quickly overtook the trend control to form a rounding bottom pattern and propel the prices higher above $2. The reversal rally accounts for a price jump of 37% over the past ten days and teases the $2.25 breakout. Source- Tradingview KAVA Technical Analysis The bullish breakout of the $2.25 wild rive the KAVA prices higher to the overhead resistance at $2.85. However, the trend may be going sideways to restart the consolidation range. Hence, traders must pay close attention to the price action near $2.85. The DMI indicator displays the DI lines trying to reclaim a positive alignment with a crossover. It is evident by the lines turning sideways turn following a dramatic decline in the bearish spread. But, a bullish crossover can boost the $2.25 breakout probability. The RSI indicator indicates an improvement in the positive sentiment as the slope slowly turns from the oversold boundary...
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