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Kava Price Prediction May, June & July: Will KAVA Price Reach INR 1,000 By July?

KAVA Price

Key Takeaways

KAVA Price Comparison Table

Crypto-Asset Start-Month Price (April) Mid-Month Price (April) End-Month Price (April) % Change
Kava(KAVA) INR 344.86 INR 328.39 INR 332.08 -3-7%

*As of 18-May-2022

Kava (KAVA) Technical Analysis at a Glance

The Kava price since the beginning of the yearly trade is attempting very hard to regain the levels above INR 500. Woefully, the bears kept the price restricted below and dragged the price below in every instance. Currently, after diving deep into the bearish well, the price is closely accumulating around INR 200. As the buying pressure is slowly mounting, a significant upswing may be in place but due to a weakened rally, may eventually face a rejection. 

Short-Term (1hr) Despite a very less volume, KAVA price can manage a decent uptrend, however, just a small wrong move may drag the price down
Mid-Term (4hr) The KAVA price after undergoing a notable recovery may face a minor pullback as the buyers appear to have exhausted a bit
Long-Term (D) The recent market slash’s impact appears to have eased out a bit and hence the asset may make a larger upward move very soon

Technical Indicators & Pivot Levels

Technical Indicators

Technical Indicators Value(1D / 1M) Action (1D / 1M)
Relative Strength Index(RSI) 39.57 / 47.27 Sell / Neutral
MACD(12,26) -0.53 / 0.594 Sell / Buy
Average Directional Index(ADX) 32.81 / 33.71 Sell / Neutral
Bull-Bear Power -0.44 / -1.86 Sell / Sell

Pivot Levels

Pivot Levels Short-Term(D) Mid-Term(W) Long-term(M)
Moving Average(MA)-50 INR 313.46 INR 363.12 INR 150.52
Moving Average(MA)-200 INR 316.56 INR 150.52 INR 34.14
Resistance INR 282.9 INR 390 INR 439
Support INR 181.69 INR 190 INR 120

Oscillators

Oscillators Short-Term Mid-term Long-Term
Stochastic Oscillator 45.89 52.65 29.23
Ultimate Oscillator 51.10 43.63 39.31
Average True Range(ATR) 0.5439 0.954 2.78
CCI -36.65 -128.8 -141.92

The recent market slash has heavily impacted the asset negatively and hence the price is extremely bearish in all the time horizons. Almost all of the indicators point towards a huge sell as the strength of the rally is also extremely weak. However, the asset’s volatility rate is pretty low and hence one can expect a steady rally ahead. 

Additional Read: Crypto Market Crash Update

KAVA Price and Technical Analysis for May-July

Source: Tradingview

How to Invest in Kava(KAVA)

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The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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