#KavaBNBChainSummer KAVA$KAVA encountered rejection at the Fibonacci correction level of 61.8% ($0.382), which was tested earlier this week. The price remains below all major moving averages (7-day SMA: $0.375, 30-day SMA: $0.390), indicating a persistent bearish sentiment. $KAVA @kava

What this means:

The MACD histogram has turned negative (-0.00017), indicating a weakening upward momentum. The RSI is at 43.6 (neutral), with no signals of oversold conditions, so there are currently few buyers on the dip. Traders are closely monitoring the support zone of $0.346–0.371, formed in July 2025; a breakout could trigger automatic sell-offs.

What to watch for:

A daily candle close above $0.382 (61.8% Fibonacci) would invalidate the bearish structure.