🚨 #KAVA HTF Analysis 🚨
$KAVA is currently compressing inside a horizontal range between $0.375 – $0.50, forming a descending triangle pattern — a sign of tightening pressure.
🔹 Support zone: $0.375 – $0.38
🔹 Resistance trendline: Lower highs consistently pushing price down
🔹 EMA (9): $0.4289
🔹 SMA (50): $0.4187
🔹 Current Price: $0.428
📉 Volume is drying up, indicating a potential breakout is near.
A clean breakout above the descending trendline could flip this range from re-accumulation to expansion — potentially pushing towards the $0.50+ zone.
⚠️ Watch for a break and close above the trendline with strong volume for confirmation.
Failure to break may lead to a retest of the support base around $0.38.
🔗 GREEN WALLET
(spot)👉$KAVA
(futures)👇
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