Attention, traders! $KAVA /USDT is giving us something to talk about today. 🚀
Watch out for KAVA/USDT! It is showing a super interesting movement, trading around $0.4218. It has had a bullish rally and, if you notice, it has surpassed the 7-day moving average ($0.4211) and the 25-day moving average ($0.4191)! That is a sign of strength, but let's not let our guard down!
The level of $0.4254 is key right now. If KAVA manages to break and consolidate above that resistance, we could see a continuation of the movement. However, we know that the market is capricious and manipulation is the order of the day. Sometimes, those "breakouts" are just traps for liquidity. So, HODL with sense and patience!
In the order book, we see that demand is strong, but supply is not far behind, especially at the levels of $0.4219 and $0.4226. This "battle" between buyers and sellers indicates that indecision is present. The whale might be waiting for the right moment to move the price!
If we see a pullback, the level of $0.3914 could serve as an important support, as well as the 99-day moving average ($0.4059). If it holds above these levels, the bullish structure would remain intact. But if market manipulation plays its tricks, and KAVA falls below, we could look for the lows at $0.3697.
In summary, KAVA/USDT is at a crucial point. Patience will be our best ally. Stay tuned for that breakout at $0.4254 and the possible "fakeouts" looking to liquidate positions!
