KAVA coin price hinges on the merged 50 and 100-day EMAs after a recent rejection from the resistance trendline. Will the EMAs crack under bearish pressure?

Key technical points:
<ul>
 	<li style="font-weight: 400">The KAVA price action shows higher price rejection at the $4.50 mark. </li>
 	<li style="font-weight: 400">The EMAs retain the bearish alignment in the daily chart. </li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of KAVA is $98.03 Million, marking a 17.86% fall.</li>
</ul>
<h2>Past Performance of KAVA</h2>
KAVA coin prices find a surge in buying pressure near the $3 mark resulting in the 65% rally to reach the resistance trendline. Finally, the rally broke above the $4 mark and all the crucial daily EMAs but failed to sustain above the $4.5 mark resulting in the reversal from the trendline.

<img src="https://s3.tradingview.com/snapshots/e/EvHw9rd2.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/EvHw9rd2/">Tradingview</a>
<h2>KAVA Technical Analysis </h2>
KAVA coin prices gave a double top fallout near the resistance trendline resulting in the retracement closer to the $4 mark. However, lower price rejection after the 12% bearish engulfing candlestick hairs the downtrend and toys a reversal possibility.

The crucial daily EMAs maintain a bearish alignment in a slight uptrend and with the merged 50 and 100-day EMAs providing support to the downtrend. Hence, a reversal will ensure a bullish crossover and increase buying attention.

RSI Indicator: The RSI slope shows a downtrend from the overbought boundary to the halfway line with the 14-day SMA breakout. Hence, the indicator shows a gradual growth in selling pressure.

MACD Indicator: The MACD and signal lines give a bearish crossover after a merged sideways trend for days. However, the bearish spread initiates the negative trend in histograms. 

In a nutshell, the KAVA technical analysis highlights the downtrend halting at crucial support confluence with a solid reversal possibility.
<h2>Upcoming Trend </h2>
KAVA coin price action reflects a deceleration in the downtrend near the support confluence of $4 and the merged 50 and 100-day EMAs. Hence, the reversal rally could reach the $5 mark with a lower price rejection.

Support Levels: $4 and $3

Resistance Levels: $4.5 and $5v

KAVA Technical Analysis: EMAs Halt Bearish Trend Near $4

KAVA coin price hinges on the merged 50 and 100-day EMAs after a recent rejection from the resistance trendline. Will the EMAs crack under bearish pressure?

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: EMAs Halt Bearish Trend Near $4

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