With the remarkable rise in the underlying bullish powers, the KAVA coin price reaches the $5.65 barrier. Will buyers surpass the swing high to reach $6.85?

Key technical points:
<ul>
 	<li style="font-weight: 400">The coin price reaches the $5.65 mark</li>
 	<li style="font-weight: 400">The EMAs project a potential golden crossover. </li>
 	<li style="font-weight: 400">The 24-hour trading volume of KAVA is $202 Million, marking an 8% fall. </li>
</ul>
<h2>Past Performance of KAVA</h2>
KAVA coin price shows a remarkable, bullish reversal from the 200-day EMA, accounting for a 27% inflation within a week. The bull run creates multiple bullish engulfing candlesticks to reach the $5.65 level. Moreover, the increased trading volume compared to previous weeks indicates the higher possibility of an uptrend above the resistance. 

<img src="https://s3.tradingview.com/snapshots/s/sHvZop61.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/sHvZop61/">Tradingview</a>
<h2>KAVA Technical Analysis </h2>
KAVA price action tests the previous swing high and struggles for a bullish breakout despite the increased bullish momentum. However, traders can expect a breakout rally to reach the $6.85 level. 

The crucial daily EMAs maintain a bearish alignment, but the 50 and 200-day EMAs are ready for a golden crossover. Hence, the gradual reversal in the EMAs might shortly attain a bullish alignment. 

MACD Indicator: The fast and slow lines maintain an uptrend after the bullish crossover, with a solid uptrend in the MACD histograms. 

RSI Indicator:  The RSI slope enters the overbought territory after surpassing the 14-day average. 

Hence, the technical indicators reflect a solid bullish trend with increased buying pressure.

In a nutshell, the KAVA technical analysis forecasts an uptrend continuation above the $5.65 mark. 
<h2>Upcoming Trend </h2>
KAVA coin price experiences a surge in the underlying bullish momentum but struggles to surpass the swing high of $5.65. However, the increased buying pressure projects a potential bullish breakout to reach the $6.85 level. 

Resistance Levels: $5.65 and $6.85

Support Levels: $5 and $4.65

KAVA Technical Analysis: Crazy Buying Spree Reaches $5.65

With the remarkable rise in the underlying bullish powers, the KAVA coin price reaches the $5.65 barrier. Will buyers surpass the swing high to reach $6.85?

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: Crazy Buying Spree Reaches $5.65

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