- The last 24-hour trading volume for the crypto is 22.484 Million USD.
- The all-time high value of the KAVA crypto is $9.12 as per Coingecko. The price has declined by 1.50% in the last 24 hours.
KAVA Crypto current market price is $0.6457. It has declined by more than -92.00% from the all-time high. This token’s total supply is 741 Million and the circulating supply is 741 Million.
The market cap for the KAVA coin has declined by 0.60% in the last 24 hours. The trading volume has increased by 76.49%. It is a significant advance in volume, representing the gaining interest of traders in the crypto. The market cap rank of the KAVA crypto is #77 and the market cap dominance is 0.044%. It led to a volume/market cap ratio of 0.0354.
The crypto is in a sharp downtrend. Its price has nosedived from higher levels and lost more than 92.00% of its value. The sellers are very powerful on the crypto. They have slashed the price down by this huge amount from an all-time high.
KAVA Price Technical Analysis in Daily Time Frame
The price of the crypto was earlier trading in a falling wedge pattern. It was declining from the higher levels and broke down below the same. The token price recently formed a parallel channel and also broke down below the same. This represents the presence of sellers in the market.
The EMA analysis of the KAVA coin price shows the price is trading below the 50-day and the 200-day Exponential Moving Average. It represents weakness in price following with a death cross on charts.
The RSI for the KAVA crypto has declined below the oversold zone. It is currently trading at the 38.99 level. The market can stay negative on charts unless the value of the RSI hits the 70 level and the price may decline further.
KAVA Volume Analysis
There is no significant change in the volume data. It is a clear sign of the lack of interest of traders in the cryptocurrency.
Conclusion
KAVA token’s price has been falling consistently. It led to an extremely bearish market character. The market has also broken below the parallel channel. The EMA and the RSI are also acting bearish for the crypto on the charts.
Therefore the price of the crypto may continue to decline unless the market breaks above the level of 1.0700. Breaking above that level will result in a bullish change of character.
Technical Levels:
- The support levels for KAVA Crypto are $0.6500 and $0.6100
- The resistance levels for the KAVA Crypto are $0.0.8400 and $0.1.0680
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.