KAVA Technical Analysis in a Weekly Timeframe

18 Ağu

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Now, let’s dive into this chart analysis:

Since August 2021, KAVA has been in a downtrend and is now close to an all-time low. There has been no significant growth, and the current price range seems to be a dead end.

If KAVA doesn't manage to recover, we could see a new all-time low and a price discovery phase toward the downside.

In my opinion, KAVA should respect this ATL support, rebound by breaking above the resistance trendline, and start a bullish rally. The RSI is in the oversold zone, indicating a potential bullish move.

Key levels:

- Important Support/Accumulation: $0.2403
- Primary Resistance: $0.558
- Long-term Target: 10x-20x

DYOR, NFA

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