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Market Mayhem: KAVA’s Bulls Waver as Indicators Forecast Reversal


by CoinEdition
Market Mayhem KAVA's Bulls Waver as Indicators Forecast Reversal
  • Bull-bear clash wanders KAVA price between $1.17 and $1.27.
  • Bearish pressure threatens KAVA’s upward trend.
  • Investor sentiment wavers as KAVA’s price fluctuates.

At the start of the day, the bears had the upper hand in the Kava (KAVA) market, successfully lowering the price to a 24-hour low of $1.17 (support). After establishing support, the bulls swept the KAVA bears under the rug, sending the price to a 24-hour high of $1.27.

The bullish momentum was strong, with bulls maintaining market control as of press time, resulting in a 0.24% increase to $1.20.

KAVA’s market capitalization increased by 2.02% to $638,249,499 during the bull-bear battle, while 24-hour trading volume decreased by 9.57% to $178,190,221. This decrease in trading volume suggests that investors are cautious in the market, taking profits in anticipation of a reversal.

KAVA/USD 24-hour price chart (source: CoinMarketCap)

On the KAVA/USD price chart, the Aroon up reading is 50.00%, while the Aroon down reading is 7.14%, indicating that the bulls’ power is greater than the bears’, indicating a potential upward trend soon.

However, because the Aroon level is not above 50, there is s…

The post Market Mayhem: KAVA’s Bulls Waver as Indicators Forecast Reversal appeared first on Coin Edition.

Read the article at CoinEdition

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Market Mayhem: KAVA’s Bulls Waver as Indicators Forecast Reversal


by CoinEdition
Market Mayhem KAVA's Bulls Waver as Indicators Forecast Reversal
  • Bull-bear clash wanders KAVA price between $1.17 and $1.27.
  • Bearish pressure threatens KAVA’s upward trend.
  • Investor sentiment wavers as KAVA’s price fluctuates.

At the start of the day, the bears had the upper hand in the Kava (KAVA) market, successfully lowering the price to a 24-hour low of $1.17 (support). After establishing support, the bulls swept the KAVA bears under the rug, sending the price to a 24-hour high of $1.27.

The bullish momentum was strong, with bulls maintaining market control as of press time, resulting in a 0.24% increase to $1.20.

KAVA’s market capitalization increased by 2.02% to $638,249,499 during the bull-bear battle, while 24-hour trading volume decreased by 9.57% to $178,190,221. This decrease in trading volume suggests that investors are cautious in the market, taking profits in anticipation of a reversal.

KAVA/USD 24-hour price chart (source: CoinMarketCap)

On the KAVA/USD price chart, the Aroon up reading is 50.00%, while the Aroon down reading is 7.14%, indicating that the bulls’ power is greater than the bears’, indicating a potential upward trend soon.

However, because the Aroon level is not above 50, there is s…

The post Market Mayhem: KAVA’s Bulls Waver as Indicators Forecast Reversal appeared first on Coin Edition.

Read the article at CoinEdition

Read More

XRP Price Prediction: Record Quarterly Close Could Trigger a $15 Rally – Just Like the 37,800% Run in 2017

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The last time XRP closed a quarter this strong, a 37,800% run followed – XRP price pr...
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