KAVA PRICE ANALYSIS & PREDICTION (March 21) – Kava Breaks Out of Resistance Line Following a 12% Jump in a Week
Kava has been in a correction for months, but it is changing trend following a recent breakout of a key resistance line. On the daily chart, it looks bullish while slowly shifting trends. Last week marked a little relief in bearish for Kava as the price bounced off $0.38 with a surge. This led to a steady increase and the price tested a short-term falling resistance line at $0.51. Closing that week under this level due to a rejection, the buying pressure stopped and it retraced a bit. Volatility increased this week and the crypto pushed back but later found it difficult to break through following another rejection. This activated a pullback on Tuesday and the price climbed back the following day. Despite the multiple rejections, the price significantly broke through this falling resistance line yesterday after several failed attempts. […]