$KAVA : DeFi Resilience Test
Hey Binancians, let's talk about $KAVA , I've noticed it's holding steady after a pullback, showing some resilience in this choppy market. What do you think, a comeback brewing?
Current State: KAVA’s in a consolidation phase around $0.373 after dropping from $0.391 highs to $0.358 lows, with volume at 506K suggesting cautious interest amid recent volatility.
Key Levels:
Support: $0.358 and $0.340, near MA 10 and recent troughs.
Resistance: $0.391 and $0.429, aligning with AVL and prior peaks.
Trading Scenarios:
Bullish Scenario: Break above $0.391? Enter long at $0.39, target $0.45 for 15% gains, stop-loss $0.36—based on channel breakout and momentum.
Bearish Scenario: Fall under $0.358? Short at $0.35, target $0.32, stop-loss $0.37, from trendline projection.
Indicator Status:
RSI at 53 shows neutral momentum with upside potential; Stochastic K:78/D:81 nearing overbought, MACD bearish but leveling off.
A symmetrical triangle on the 4 Hour chart hints at a breakout if volume picks up.
Risk Factors: Negative OBV at -24 M suggests distribution pressure, and overbought Stochastic could trigger a pullback.
Not financial advice. For more valuable insights and bullish market analysis, follow @kathalvahini
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