🧵 Thoughts on @kava

1️⃣ On the daily chart, $KAVA shows a descending wedge structure. This pattern is widely regarded in technical analysis as a bullish reversal setup.

2️⃣ In other words, the current momentum appears weak. Buyers have not yet strongly intervened, and the price action suggests there may be more downside before we see any real rebound.

3️⃣ The lower boundary of the wedge is a key level. If $KAVA further declines into this area, it may experience further drops in the short term.

4️⃣ The real signal comes from a breakout with volume. Without strong buying pressure, the wedge structure remains incomplete and faces more downside risk.

5️⃣ I remain cautious until we see that decisive breakout. But if bulls intervene with volume, this could turn into a setup that drives the next step 🚀. #KavaBNBChainSummerKAVA