$KAVA 🔥🤝🥷🏻

Technical Review of KAVA/USDT

- Current Price: 0.43 (+4%)

- Classification: Layer 1 / Layer 2 Coin.

Price Movement over 24 Hours
- Highest Price: 0.4650
- Lowest Price: 0.4152
- Trading Volume:
- 10.22 million KAVA
- 4.55 million USDT

Key Technical Indicators

1. RSI Indicator
42.0
- Indicates neutrality close to oversold territory (below 30).
2. STOCHRS Indicator
21.53
- Signals weakness in current momentum with a crossover below level 20 (potential oversold).

Support and Resistance Levels

- Near Resistance: 0.4488

- Higher Levels: 0.5785 - 0.5889

- Strong Support: 0.3403 - 0.4152 (24-hour low).

Time Analysis
- Short Timeframes (15m - 4h) show sideways movement with weak upward momentum.
- Daily Frame (1D): Repeated testing of support 0.4152, with a possibility of a rebound if this level holds.

What to Watch For?

- Day Traders:
Watch for a breakout at 0.4488 to enter short buy positions.
- Investors: Wait for confirmation of stability above 0.43 with improvement in RSI and STOCHRSI. Suitable for medium-term targets as follows:
0.499
0.57
0.66
0.731

$KAVA #Cryptomaxx