KAVA coin price breaks above the $4.65 mark after retesting the 200-day EMA with long-tail formations. Will the uptrend sustain to surpass $5?

Key technical points:
<ul>
 	<li style="font-weight: 400">KAVA prices have increased by 6.82% in the past 24 hours.</li>
 	<li style="font-weight: 400">In addition, 50 and 100-day EMA are eager for a bullish crossover.</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of Kava is $148 Million, marking a 16.55% rise.</li>
</ul>
<h2>Past Performance of KAVA</h2>
KAVA coin price showcased a bullish rally from the $3 support level accounting for a jump of 50% jump within three weeks. However, the rally failed to surpass the barrier of $4.65 leading to a consolidation followed by a bearish breakout. The downtrend tested the 200-day EMA before reversing to reach the $4.65 mark with a bullish engulfing candlestick.

<img src="https://s3.tradingview.com/snapshots/u/UoJ7uBoJ.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/UoJ7uBoJ/">Tradingview</a>
<h2>KAVA Technical Analysis </h2>
KAVA coin price gave a consolidation fallout near the $4.65 mark resulting in the 200-day EMA retest. The bulls regain the trend control with the morning star pattern with a bullish engulfing candlestick of 8.71% formed at the 200-day EMA.  

The bearish aligned EMAs in the daily chart feel the bullish pressure resulting in an upside reversal and increasing the chances of 50 and 100-day EMA. Moreover, the price sustaining above all the crucial EMAs increases the chances of bullish continuation. 

RSI Indicator: The RSI slope slipped through the overbought territory and cracked beneath the 14-day SMA during the consolidation fallout. However, the recent reversal brings the RSI into the overbought zone and tests the 14-day average.

MACD Indicator: The MACD and signal lines are merged after the recent fallout and are yet to showcase the effect of a bullish breakout. However, a resurgence in the bullish MACD histograms will indicate a buying opportunity.

In a nutshell, the KAVA technical analysis reflects the rise in underlying bullishness and highlights a breakout entry opportunity.
<h2>Upcoming Trend </h2>
KAVA coin price breaks above the $4.65 mark and might shortly hit the $5 mark if the buying pressure persists. However, closing below the $4.60 level will nullify the bullish dogma and initiate a bearish move to the 200-day EMA.

Support Levels: $4.60 and $4

Resistance Levels: $5 and $5.65

KAVA Technical Analysis: Bulls Eye $5 With Breakout Intentions

KAVA coin price breaks above the $4.65 mark after retesting the 200-day EMA with long-tail formations. Will the uptrend sustain to surpass $5?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

KAVA Technical Analysis: Bulls Eye $5 With Breakout Intentions

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