<strong><em>KAVA prices fail to surpass the $3 mark resulting in a dip to $1.66 again. Will buyers manage to keep the price floating above $1.66?</em></strong>

<strong>Key technical points:</strong>
<ul>
 	<li>The market price has increased 11.11% over the past 24 hours.</li>
 	<li>The price action shows lower price rejection from the $1.50 mark.</li>
 	<li>The 24-hour trading volume of Kava is $30.78 Million, indicating a hike of 15%.</li>
</ul>
<h2><strong>Past Performance of KAVA</strong></h2>
<a href="https://www.cryptoknowmics.com/news/kava-technical-analysis-kava-recovery-struggles-to-surpass-3/">KAVA</a> prices showcased a dramatic V-shaped reversal from the $1.66 mark last month, but they failed to surpass the $3 mark. The bullish failure led to a retracement at $2.25, which led to $1.66 as the global markets took a nosedive. However, the buyers once again manage to halt the falling trend above the $1.50 and keep the closing price floating above $1.66.

<img src="https://s3.tradingview.com/snapshots/b/b5LPwtlw.png" alt="TradingView Chart" />

<strong>Source-</strong> <a href="https://www.tradingview.com/x/b5LPwtlw/" target="_blank" rel="noopener">Tradingview</a>
<h2>KAVA Technical Analysis</h2>
The lower price rejection at the $1.50 mark drives the KAVA prices higher and forms a morning star pattern. However, the recent daily candle shows a bearish influence, cutting 3.50% of market value and eyes to undermine the reversal pattern. The <strong>daily-RSI</strong> slope shows a reversal from the oversold zone but takes a step back as the daily candle takes a bearish influence. However, the bullish divergence is present in the last two dips at the $1.66 teases a potential reversal to surpass the $2 mark.

The <strong>MACD indicator </strong>displays the fast and slow lines maintaining a falling trend after the recent bearish crossover. However, the decreasing intensity of the negative histograms reflects a weakness in the underlying bearishness. The indicators display a bullish reversal possibility, but the RSI surpassing the 14-day SMA and the bullish crossover in the MACD indicator is essential. In a nutshell, the KAVA technical analysis suggests the traders to wait till the price action confirmation to avoid a bearish trap.
<h2>Upcoming Trend</h2>
KAVA prices will likely hit the overhead resistance at $2 if the buying pressure spikes over the day. However, the fallout of $1.66 leading to a candle closing below $1.50 will depreciate market value by 15% to test $1.30.

<strong>Resistance Levels:</strong> $2 and $2.25

<strong>Support Levels</strong>: $1.50 and $1.30

KAVA Technical Analysis: Buyers Need To Hold $1.66 Once Again  

KAVA Technical Analysis shows prices failing to surpass the $3 mark resulting in a dip to $1.66 again. Will buyers manage to keep the price above $1.66?

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: Buyers Need To Hold $1.66 Once Again

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