KAVAUSDT Swimming in a Heavy Consolidation Zone.

Not much to say here aside from the fact KAVA is sitting within a heavy consolidation zone... Keeping a close eye on Volume and Momentum indicators.. Would love to see a slight correction from where we are currently which would give me more confidence we could have a strong breakout above that zone when it's retested again. RSI isn't overbought and and Volume seems to be keeping up... Honestly, unless an overnight altcoin DeFi bull run kicks up, I do not have the confidence KAVA will be able to defend off the the heavy sell side pressure in order to break out of the zone quite YET..

SOOOOooOOOON.

IMO Kava is a solid DeFi project that aligns well with the overall DeFi Bull trend happening.. Just do not get caught in the FOMO

Let me know what you guys think :)

Commentaire:

KAVA punching through our heavy consolidation zone. Still have yet to break out and HOLD above our line or resistance. Keeping a close eye on Volume