The $KAVA /USDT chart reflects a strong bullish trend, with KAVA trading at $0.4008, showing a 27.32% increase in the last 24 hours. The price hit a high of $0.4277 and a low of $0.3133, indicating that KAVA has surged significantly after breaking past its support at $0.2905. The sharp move upward suggests a strong influx of buying pressure, leading to the current price levels.
On the 4-hour chart, KAVA has shown a steady uptrend, forming higher lows and higher highs. The price is currently consolidating near the $0.4277 resistance level. If KAVA manages to break this resistance, the next target could be around $0.4500, where further upside may occur. A successful breakout above $0.4277 would likely attract more buyers and push the price higher.
However, if the price fails to break the resistance, a short-term retracement is possible, with support levels around $0.3843 and $0.3500. A pullback to these levels could provide buying opportunities for traders looking to enter at lower levels. Despite potential corrections, the overall bullish sentiment remains strong as long as KAVA holds above key support levels.
In conclusion, KAVA is in a bullish phase, with further upside potential if it breaks above resistance. Traders should watch for volume spikes to confirm a breakout or be cautious of a possible pullback. Maintaining support above $0.3843 is essential for the continuation of the uptrend.
$KAVA $BNB #BTC☀ #NeiroOnBinance #BinanceLaunchpoolHMSTR #FTXSolanaRedemption #USRetailSalesRise