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has continued its upward trend since May 8th.
- Kava Price has risen by 40% in 4 days.
- Can Kava rise to $1?
Will Kava coin price continue to rise? What are the support and resistance levels that Kava investors should follow? Current KAVA Analysis!
Kava Price Comment Analysis! The Rise May Stop!
Daily KAVA Price Comment Analysis! Source: TradingView
When we examine the Kava price chart, it is moving close to the important resistance area of $0.9535. If the Kava price makes daily candlestick closes above the level of $0.9535 mentioned in the Kava price analysis, it can continue its upward movement.
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If the KAVA price cannot make daily candlestick closes above the resistance level of $0.9535 mentioned in the analysis, it may experience a decline starting from this area and fall to the levels of $0.8883 initially and then to the support of $0.8233.
If the Kava price makes a reversal from the support area of $0.8233 as mentioned in the analysis, the upward target will be the levels of $1.03.
Can a Long Position be Opened?
The Kava price may want to take short liquidities at the level of $0.9731 mentioned in the Kava price analysis. Therefore, upward spikes may be seen towards the level of $0.9731.
To continue the upward movement, it needs to make a 4-hour candlestick close above the level of $0.9731. Therefore, it is important to be careful in opening long positions.