¡¡KAVA ATTEMPTS A BOUNCE AFTER A 58.50% DAILY DROP ON THE 15-MINUTE CHART!! $KAVA
Kava is experiencing a sharp correction on the lower time frame after retreating from its highs of $0.06873, finding key support at $0.02501 on Binance Futures.
Current price: Trading at $0.02830 (-58.25% in price, -58.50% daily).
Volume: $203.05M USDT (5.80B KAVA), with high liquidity near the lows.
24h high: $0.06873.
TECHNICAL STRUCTURE
The moving averages reflect the preceding bearish pressure, although the price has crossed above the MA(7) at 0.02744 and is pushing toward the MA(25) at 0.02833, with the MA(99) at $0.04932 as distant resistance.
Are you looking for a long-position bounce, or waiting for further consolidation? #KAVA #BinanceFutures
Kava is experiencing a sharp correction on the lower time frame after retreating from its highs of $0.06873, finding key support at $0.02501 on Binance Futures.
Current price: Trading at $0.02830 (-58.25% in price, -58.50% daily).
Volume: $203.05M USDT (5.80B KAVA), with high liquidity near the lows.
24h high: $0.06873.
TECHNICAL STRUCTURE
The moving averages reflect the preceding bearish pressure, although the price has crossed above the MA(7) at 0.02744 and is pushing toward the MA(25) at 0.02833, with the MA(99) at $0.04932 as distant resistance.
Are you looking for a long-position bounce, or waiting for further consolidation? #KAVA #BinanceFutures
