The cryptocurrency market is going through a bullish trend. Almost all cryptocurrencies are in the green zone and showing good progress. KAVA, the Binance backed project has gained almost 140% in the last 30 days. At the time of writing this article, the KAVA price is sitting at $3.37 and it has already gained by almost +21.51% in the last 24 hrs. Let’s take a look at it in more detail.

KAVA Price Analysis: Almost 140% growth in the last 30 days

KAVA Price Analysis
KAVA Price Analysis: KAVA/USD 1 Month Chart: –  Tradingview

According to its website, KAVA is a multi-asset protocol for decentralized banking lending. The project is valued at under $75 million. At the moment, the KAVA has already cracked its all-time high price of $1.66. It seems that there is no further resistance and this could seal the bull run for the Kava price. The thing is that Kava is not more popular, from a market capitalization point of view, a small project that could secure gigantic upward potential.

Right now, the range between KAVA’s lowest and highest trading prices in US Dollars, over the last hour is $3.33 – $3.47 and the RSI is displaying a neutral behavior sitting at 68.5212. The KAVA could be in the strong buy zone. Kava price has been consistently displaying a rising trend and the aggregate trading volume over the past 24hrs, in USD is $58,641,298.94. The KAVA price has gained almost 140% in the last 30 days and its price performance (ROI) over the past 7 days, vs USD, is increased by almost 40%.

KAVA Price Analysis: Where will KAVA price go from here?

KAVA Price Analysis
KAVA Price Analysis: KAVA/USD 1 DAY Chart: –  Tradingview

The MACD lines have passed bullishly and the histogram has formed bullish in the past 30 days. If the KAVA price continues its improvement, it could find strong support at $3.42 and at $3.46. The promising thing could be its price performance (ROI) from the beginning of this quarter, to right now, vs USD. The price-performance ROI has been increased by almost 175% and its price performance (ROI) from the beginning of this month, to right now, vs USD, has increased by almost 40%.

Conclusion

At the moment, it will be too early to predict anything about KAVA’s price growth. The volatility calculated over the past 30 days of daily returns is 1.89 and it is satisfactory and its price performance (ROI) over the past 30 days, vs BTC, has increased by almost 91%. Overall, the KAVA price is showing promising growth. We wish you happy trading!

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Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future. 


Posted By

Prasanna

Prasanna is the editor-in-chief of CryptoTicker English. He has a huge knowledge of the cryptocurrency market. He is an extremely accomplished technical analyst having vast experience in the crypto domain.


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