The
$KAVA chart shows a battle after a significant drop!
Key Observations:
Current Price: $0.0844 (-4.63% in 24h).
Recent Action (15m/1h view): Price found a strong floor at the 24h Low of $0.0826 around 09:45 today. We've seen a subsequent bounce back, forming a small, promising uptrend (the cluster of green candles).
Resistance Test: It's now testing the previous support/resistance area around the $0.0844 - $0.0846 level.
Long-Term Trend: The momentum indicators below (7 days to 1 year) show a severe downtrend: -18.96% (7D), -85.10% (1Y). Today's slight green (1.20%) is a tiny fraction of the long-term loss.
What to Watch:
Sustained Breakout: Can it break and hold above the previous high of $0.0856?
Volume: The 24h volume is $684.28K, which is decent for KAVA. Watch for a spike in buy volume to confirm the bounce.
Bottom Line: A successful defense of the $0.0826 low offers a short-term trade opportunity, but the overall trend remains bearish. Exercise caution!
#KAVA