KAVAUSDT Technical Analysis in Weekly Timeframe

9 juil.

Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

KAVA has broken down below an important support trendline and has reached the lower support level at $0.38, which is the all-time low closing back in March 2020.

In this weekly timeframe, if KAVA fails to rebound from the current market price (CMP), we will likely see a further decline toward the all-time low at $0.24. Conversely, a rebound will likely test the resistance (previously supported) of $0.64.

Key Observations:

~ Current Support: $0.38
~ All-time low Support: $0.24
~ Primary Resistance: $0.64

DYOR, NFA

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE