Let's figure out why the price $KAVA has fallen in the last 24 hours. First, let's look at the price data. Over the day, the decline was -1.24%, which is not too significant, but over the last 30 days, the drop has been -13.08%, indicating a long-term downward trend. The market capitalization is around $401 million, and trading volume has increased by 31.62%, reaching $15.7 million. The increase in trading volume may indicate selling pressure.
$KAVA Technical analysis shows that the moving averages (SMA and EMA) for 7, 30, and 200 days are above the current price — $0.371. The MACD histogram is negative, indicating a bearish sentiment in the market. RSI values around 43-44 indicate neutral or slightly bearish sentiments, with the asset not being oversold yet. Fibonacci retracement levels show resistance in the range of $0.394–$0.419, which the price has not yet been able to break through. Thus, technically, KAVA is struggling to overcome key levels.
As for the news, in July 2025, wallet maintenance was carried out on the Upbit exchange, temporarily halting KAVA withdrawals. Although this event occurred a month ago, if users were unable to withdraw coins, they may have sold them on other exchanges, adding pressure to the price. However, the article notes that trading was not affected, so this is likely not a major factor now.
More recent news from August 2025 indicates that Kava is focused on developing decentralized artificial intelligence, partnering with PancakeSwap, and holding a competition with a prize pool of $300,000. These are positive developments, but the price is still declining. Perhaps the market has not reacted yet or the 'buy on rumors, sell on news' effect is in play. Additionally, the overall crypto market has fallen by 0.88% in the last 24 hours, the altcoin season index has decreased, and KAVA is likely following the overall trend.
Another point from technical analysis: since December 2024, KAVA has been in a downward channel with lower highs. Recent attempts to break the $0.50 level have failed, leading to consolidation. The current price is close to the support level at $0.3715. If this level is breached, further declines may occur. Trading volume during consolidation was lower, but the increase in volume over the last 24 hours indicates more active trading, possibly with sellers prevailing.
It is also worth considering the impact of regulation: the SEC project called Project Crypto and new rules may create uncertainty in the market. Although Kava positions itself as compliant, changes in regulation often cause caution among traders. The fear and greed index is currently neutral, meaning there is no strong fear, but investors may switch to more reliable coins, considering Bitcoin's dominance is growing (58.69%).
In conclusion: the decline in the price of KAVA is related to a combination of technical resistances, overall market decline, and possibly a delayed reaction to positive news. The increase in trading volume and failed breakout attempts indicate selling pressure. It is important to clearly differentiate between short-term and long-term factors affecting the price.