Technical analysis $KAVA shows that the MACD histogram is positive, indicating bullish momentum. RSI around 49.17 is a neutral level, meaning the asset is not yet overbought. Fibonacci levels suggest possible resistance around $0.397–$0.387, which aligns with the current price movement.
In conclusion: the price increase of $KAVA is likely driven by a combination of several factors — the event with PancakeSwap, technical analysis signals indicating a possible breakout, improved liquidity due to the new bridge, and positive sentiment surrounding Kava's AI projects. An increase in trading volume confirms market activity. However, long-term trends remain bearish, so this may be a short-term rise unless more sustainable demand follows.$KAVA
