$KAVA Snapshot โ€“ Bullish Reversal or Just a Relief Rally?

Current Price: $0.4189

24H Change: +3.77% ๐Ÿ“ˆ

24H Range: $0.3697 โ€“ $0.4254

Todayโ€™s Move: +3.61% gain from a sharp bounce off support

๐Ÿ”ฅ Recent Price Action:

$KAVA saw a strong V-shaped recovery from the 24H low at $0.3697.

Tapped resistance at $0.4254, now consolidating just below at $0.4189.

Looks like it's forming a bullish flag or mini-range, which could break either way.

๐Ÿ”Ž Key Technicals:

Buy/Sell Ratio: 30.54% Buy vs 69.46% Sell โ€” sellers still dominant in the short term.

Volume (KAVA): 18.91M โ€” decent activity, not overly euphoric yet.

Short-Term Trend: Positive today, but longer timeframes remain bearish:

7D: -0.97%

30D: -2.60%

90D: -0.78%

180D: -31.07%

1Y: -38.84%

โš ๏ธ Levels to Watch:

Resistance: $0.4254 โ€” needs to break and hold above this to target $0.44โ€“$0.45.

Support: $0.4152 and $0.4025 โ€” losing these could send it back toward $0.39.

๐Ÿง  Quick Take:

$KAVA is showing signs of strength, but needs to flip $0.425 into support for a real breakout. Otherwise, this could just be a dead cat bounce in a longer downtrend.

๐Ÿ’ก Strategy Idea: If youโ€™re bullish, wait for confirmation above $0.425. If bearish, this might be a good level to short with a tight stop just above recent highs.

Not financial advice โ€” always DYOR.

#KAVA #CryptoChart #TradingSignals #TradingInsights #ChartAnalysis