KAVA breaks wedge resistance, targeting a potential 57% upside to $0.64.
24-hour volume surged 24.31%, signaling renewed interest in the asset.
Market cap holds steady at $460.25M with minimal unlocked supply difference.
A significant technical setup has emerged for KAVA/USDT on the 1-day chart, where the asset has formed a textbook falling wedge pattern. This pattern, which has been developing for several months, now shows signs of nearing a breakout. Since the previous daily close, KAVA trades at $0.4250, a 0.46% gain in 24 hours.
https://twitter.com/ZAYKCharts/status/1943917162797654222
The recent price action broke above the high of the wedge formation, positioning the asset for a possible increase. According to the chart structure, the projected price target stands at $0.64, representing a 57% increase from the current level.
Tightening Wedge and Fully Unlocked Supply Set Stage for Potential $0.64 Upside
KAVA’s market capitalization currently holds at $460.25 million, matching its fully diluted valuation (FDV). The unlocked market cap stands slightly lower at $460.02 million, indicating minimal disparity between total supply and circulating tokens. This balance points to an almost fully unlocked token economy.
Source: CoinMarketCap
The close correlation between FDV and circulating cap reduces the risk of dilution in the near term. This convergence can be significant to determine the future volatility as the price reaches resistance.
In the meantime, the wedge formation, which spanned the period between November 2024 and July 2025, contracted heavily prior to the breakout test. Lower highs and higher lows converged, forming a tightening price channel. The structure created a compression zone now showing signs of expansion to the upside. Notably, if price holds above the wedge, technical traders may begin tracking the $0.64 target based on the height of the wedge.
Volume Surge Fuels Breakout Attempt as Market Eyes $0.64 Target
One of the most notable metrics in the latest session is the trading volume, which surged by 24.31% to reach $32.34 million. This uptick in volume supports the breakout attempt and reflects renewed interest from market participants. Elevated volume during resistance testing often signals increased conviction behind the move.
As volume builds and price challenges the wedge's top boundary, attention shifts to whether the breakout sustains. Failure to hold the breakout could reintroduce the asset into the wedge, while continued volume support may reinforce bullish continuation. The upcoming sessions will likely determine if the 57% measured move unfolds toward the $0.64 level.
