$KAVA broke below key levels — the 30-day simple moving average (SMA) at $0.386 and the 200-day exponential moving average (EMA) at $0.417, which weakens support. The 14-day relative strength index (RSI) is 49.17, indicating a neutral momentum, but the MACD (-0.0063) remains in the negative zone.
Breaking below important moving averages triggered automatic sell orders and stop-loss activations. The price is currently testing the Fibonacci support level at $0.371 (78.6% level). Traders are closely monitoring for a potential retest of the December 2024 low ($0.3715).
What to watch: If the price settles below $0.371, it could accelerate selling. A recovery above $0.386 (30-day SMA) will help stabilize the trend #KavaBNBChainSummer @kava
