KAVAUSDT Technical Analysis in Weekly TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
KAVA has broken down below an important support trendline and has reached the lower support level at $0.38, which is the all-time low closing back in March 2020.
In this weekly timeframe, if KAVA fails to rebound from the current market price (CMP), we will likely see a further decline toward the all-time low at $0.24. Conversely, a rebound will likely test the resistance (previously supported) of $0.64.
Key Observations:
~ Current Support: $0.38
~ All-time low Support: $0.24
~ Primary Resistance: $0.64
DYOR, NFA
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