A potential breakout from the $3 resistance would extend the KAVA recovery rally to the $4 psychological mark. But when should you enter? Key technical points: The price resonating between the $3 and $2.26 resistance for the past three weeks Range breakout would kickstart a directional rally in KAVA The 24-hour trading volume of kava is $67.5 Million, indicating a hike of 26.3%. Past Performance of KAVA On April 29th, a failed attempt from KAVA buyers to surpass the previous swing high of $5.6 triggered a significant correction. The V-top reversal brought the altcoin to a $4 psychological level, but the border negative sentiment in the market bolstered support breakdown. The intense sell-off plunged the coin price to a low of $1.4, registering a 75% concerning the $5.6 high. Source- Tradingview KAVA Technical Analysis The heavy discount on KAVA price caused an immediate reversal from the $1.43 mark and surged it 110% higher to $3. However, for the past three weeks, the altcoin is struggling to breach this resistance, resulting in a short consolidation. The 20-and-50-day EMA offers constant resistance to market price assist sellers to prevent a bullish breakout from $3. Moreover, the 100-and-200-day EMA moving just above it bolsters the same cause. However, a constant rise in MACD and signal line indicates growth in underlying bullishness. Thus, with the increasing buying pressure, the altcoin should reattempt to surpass the ov...
XRP Price Prediction For 24 November
