Kava (KAVA) Holds Descending Channel Support: Is a Rally to $3.25 Coming?
- KAVA is moving near key descending channel support, a level that could define its next move.
- MACD shows fading downside momentum, hinting at possible price stabilization.
- A confirmed bounce could push KAVA toward the $3.25 resistance level, marking a huge price rally.
Kava (KAVA) is moving in a consolidation range while approaching a historically significant support level within its descending channel, an area that has previously attracted buyers. But momentum indicators such as the RSI and MACD suggest cautious momentum ahead.
At the time of writing, KAVA is trading at $0.07438, supported by a 24-hour trading volume of $3.87 million and a market capitalization of $80.54 million. Its price has slightly dipped by 1.26% over the last 24 hours and 8.06% over the last week.
Source: CoinMarketCap
Also Read: KAVA Weekly Technical Analysis: Near ATL, Bullish Rally Or New Lows?
Momentum Indicators Signal Cautious Optimism Ahead
Technically, the RSI stands at 38.52, below the midpoint at 50, though somewhat bearish, and the moving average is at 42.06, showing very little support for an upward market movement. Despite an indication of an oversold market if below 30, market indicators tend to represent a condition that is not under much pressure.
Source: TradingView
However, the MACD denotes short-run momentum. The MACD line (-0.00137) is slightly below the signal line (-0.00124), with the zero figure in the histogram denoting weakening downtrend momentum but insufficient to show any sign of rally. The RSI and MACD combination indicates that KAVA remains in its cautious configuration level, with lows in terms of movement.
KAVA Holds Support: Bounce Could Trigger Multi-Level Rally
Further, the crypto analyst Jonathan Carter pointed out that KAVA is moving near an essential support level in the weekly chart, which is the lower boundary of its descending channel. In the past, this spot has always been an anchor point for buyers searching for entry levels, and if the price will rebound there, it may mark the beginning of an uptrend for KAVA.
In case KAVA succeeds in confirming the bounce, various levels have emerged for potential targeting. The first point of resistance in the short term is approximately $0.13, and $0.29 could serve as a medium-term consolidation point. For KAVA to achieve a strong upside movement, it has to reach $0.75, which would likely draw in momentum investors.
Source: Jonathan Carter
While KAVA’s long-term targets aren’t as immediately pressing, $2.00 and $3.25 act as psychological resistance and technical levels of interest. Passing these points successfully would indicate a potential break within the downtrend, drawing in both individual and institutional interest. But failing to hold these levels could see bear pressures reemerge once again.
Also Read: Kava Price Forecast 2025: Can KAVA Rally From $0.32 to $3.25?
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