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Cryptoknowmics 2022-04-26 09:30:24

KAVA Technical Analysis: Crazy Buying Spree Reaches $5.65

With the remarkable rise in the underlying bullish powers, the KAVA coin price reaches the $5.65 barrier. Will buyers surpass the swing high to reach $6.85? Key technical points: The coin price reaches the $5.65 mark The EMAs project a potential golden crossover. The 24-hour trading volume of KAVA is $202 Million, marking an 8% fall. Past Performance of KAVA KAVA coin price shows a remarkable, bullish reversal from the 200-day EMA, accounting for a 27% inflation within a week. The bull run creates multiple bullish engulfing candlesticks to reach the $5.65 level. Moreover, the increased trading volume compared to previous weeks indicates the higher possibility of an uptrend above the resistance. Source-Tradingview KAVA Technical Analysis KAVA price action tests the previous swing high and struggles for a bullish breakout despite the increased bullish momentum. However, traders can expect a breakout rally to reach the $6.85 level. The crucial daily EMAs maintain a bearish alignment, but the 50 and 200-day EMAs are ready for a golden crossover. Hence, the gradual reversal in the EMAs might shortly attain a bullish alignment. MACD Indicator: The fast and slow lines maintain an uptrend after the bullish crossover, with a solid uptrend in the MACD histograms. RSI Indicator: The RSI slope enters the overbought territory after surpassing the 14-day average. Hence, the technical indicators reflect a solid bullish trend with increased b...

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