Kava token seems to be in the hands of buyers, with a 40% price increase since July 26. In cryptocurrency trading, rumors are bought and news is sold. In other words, prices tend to rise as a “rumor” spreads and fall when the speculated event really happens (“the news”). Let’s take a look at the price.
KAVA Price Prediction
On July 27, bounced off $1.70, an important support level. This shows that following a relief rally, bulls are trying to maintain an upward trend. In the upcoming days, KAVA might retest or even hit the $1.92 support level. If KAVA is capable of climbing above the $2.30 resistance level, the next target will be $2.56 and higher.
In the few days leading up to the introduction of 11, the demand range between $1.92 and below levels may be quickly retested. Before the launch, it might be a good place to add KAVA.
There is a movement in the lower or short-term market structure that leans somewhat bullish even if the higher-timeframe structure is bearish. The only scenario that would invalidate a short-term bullish bias is for KAVA to decline and close below the $1.70 demand range.
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