📊 Current Price: $0.4745 (+2.48%)
Key Technical Levels:
Support: $0.4620 – A crucial demand zone, holding firm.
Resistance: $0.4810 – A breakout above this level could trigger a bullish rally.
Bullish Trade Setup:
Entry: $0.4700 - $0.4750 (on a minor retracement)
Take Profit Targets:
TP1: $0.4850
TP2: $0.4950
TP3: $0.5100
Stop Loss: Below $0.4600
Bearish Trade Setup:
Entry: $0.4800 - $0.4850 (if resistance holds and price faces rejection)
Take Profit Targets:
TP1: $0.4700
TP2: $0.4600
TP3: $0.4500
Stop Loss: Above $0.4900
Market Outlook:
$KAVA is currently consolidating within a key range, with buyers actively defending support at $0.4620. A decisive breakout above $0.4810, accompanied by strong volume, could signal the beginning of an upward move towards the $0.50+ region. However, failure to break resistance may lead to a pullback before another potential attempt at higher levels.
Trading Insight:
Monitor volume closely at key levels—an increase in buying activity above resistance could confirm bullish momentum, while a rejection at resistance may present a shorting opportunity. Stay alert for potential trend shifts and trade accordingly.
