Down 58.56% in a day, $KAVA is now trading at 0.0281. I bet people holding it today don’t even want to open their trading apps.
The 24-hour low of 0.0251 is right beneath us. This drop has more than cut the price in half. The most nerve-racking part is that it just bounced 6.44% in the past hour. Holders don’t know whether to feel relieved or even more worried—is this bounce a sign it can’t fall any further, or just giving the bears a chance to catch their breath?
I’m inclined to sit tight and watch for now, because a 6.44% bounce in an hour is barely a blip compared with a 58.56% drop. But if it holds above 0.0251 and doesn’t make a new low, I’ll change my mind right away—that would mean the selling pressure has finally run out.
Those holding KAVA, be honest: are you more tempted to buy the dip or get out?
$KAVA
#KAVA #MarketAnalysis
The 24-hour low of 0.0251 is right beneath us. This drop has more than cut the price in half. The most nerve-racking part is that it just bounced 6.44% in the past hour. Holders don’t know whether to feel relieved or even more worried—is this bounce a sign it can’t fall any further, or just giving the bears a chance to catch their breath?
I’m inclined to sit tight and watch for now, because a 6.44% bounce in an hour is barely a blip compared with a 58.56% drop. But if it holds above 0.0251 and doesn’t make a new low, I’ll change my mind right away—that would mean the selling pressure has finally run out.
Those holding KAVA, be honest: are you more tempted to buy the dip or get out?
$KAVA
#KAVA #MarketAnalysis