$KAVA
AI Analysis: $KAVA/USDT
Entry Price: 0.1050–0.1070
Target Price:
- TP1: 0.1020
- TP2: 0.0990
Stop Loss Price: Above 0.1105
Reasons for Selling:
1. Pattern Confirmation:
- Daily level forms a "double top" reversal structure (neckline at 0.1020), depth of the top 0.0085 (0.1105-0.1020)
- Measured decline = depth of the top × 1.618 = 0.0138 → Target Price 2 = 0.1105 - 0.0138 = 0.0967 (actual rounding to 0.0990)
2. Trend Structure:
- Weekly level breaks the 2024 upward trend line (0.0990→0.1020 line), price falls below MA(50) 0.106
- RSI(14) = 32 (weak area), MACD death cross followed by the expansion of the green bar, strong bearish signal
3. Market Sentiment:
- The 0.1105 area shows a "false breakout - quick pullback" bullish trap
- Two consecutive days of closing prices below 0.1070 (previous high support + Fibonacci 61.8% retracement level)
4. Indicator Verification:
- OBV indicator hits a new low for 20 days, funds continue to flow out
- Funding rate -0.185% (negative for 5 consecutive days), futures open interest decreases by 32%
- On-chain data: net inflow to exchanges +18 million coins, whale holdings decreased by 38%
This content is for reference only and should not be taken as investment advice.