- The KAVA coin price struggles to break above the EMA-55 during intraday.
- The 24-hour trading volume is at $94 million.
- KAVA/BTC pair is trading positive by 4.6% at 0.00009214 BTC.
On the daily price chart of KAVA coin, Moving Average Exponential (EMA), consisting of 8,13,21,55-EMA, Acts as reliable support in the coin price movement. Investors may observe the price sustains below the yellow line, so until the price resides below all the EMA’s, it will assure a downtrend in Kava.
Trading volume (5.226 M) is below to the 20-day moving average (8.444 M). The volume is moderate, so the cost is increasing. Investors may also notice that the volume bar on the chart increases. This indicates that unusual volatility is common on the following trading days.
KAVA Coin Price Action Rejects to Get Back on Demand Zone
KAVA coin daily price charts show a positive trend. Based on the price action, the supply zone is located at 8.50- 9.0 USDT. On the other hand, the demand zone to look for is 4.50- 5.0 USDT. Therefore, the chart shows a bullish engulfing candlestick pattern during the day.
The RSI indicator gave a signal (bullish) with 48, projecting a buy signal in the currency for the short-term. Investors can observe an inclined slope from 40 to 48 on the index. It can surge in future trading sessions.
The MACD indicator is closer to (bullish) cross over the signal line on October 22, which may demonstrate a buy signal in the coin. Additionally, Investors can see the end of red tiny bars on the Histogram index.
Conclusion
The price of Kava today is $5.86 with a 24-hour trading volume of $94,010,400. KAVA prices have increased 1.6 percent in the past 24 hours. 91 million KAVA coins are in circulation and the total supply is 148 million.
The RSI and MACD points to a buy sign. The traders have prompted high volume. In fact, the cost rebounds from the demand zone. Likewise, the general market outlook is that this pattern will continue to rise over the next few trading days.
Resistance Level: $8.50- $9.0
Support Level: $4.50- $5.0