According to the market cap, the entire quantity of KAVA is approximately 154 million, with more than half of it, or 146 million, now in circulation. The coin is placed in 114th position according to its market capital on websites. It has a dominance of about 0.03 percent in the crypto market.
KAVA is presently selling at $4.61 per coin. In a single day, we have seen an increase of about 6% in the movement. The high and low for today are $4.69 and $4.04, respectively. Around 116% increase has been sen in the daily trading volume as well. KAVA reached an all-time high of about $9.21 in August 2021. During the crash in the market, the price dropped to almost t $2.10. The price did show a reversal but it was very weak in strength and we saw big red candles retracing back. In general, the price is making lower highs and lower lows. The price of KAVA increased by over 17.01 percent in January.
Technical Analysis – KAVA
The coin had been showing a downtrend for quite some time. The price had been creating lower highs and lower lows. It ultimately dropped down to the lowest possible point and left an order block in the creation. Now, this order block remained unmitigated for a number of weeks. After the price showed a shift in the structure, it was quick to come back up.
Now on the daily time frame, the order block has been mitigated and there is no reason for the price to go down again. As a result, the price action of KAVA is very bullish and soon we can expect it to get out of the order block from where we can look for a possible long depending on the lower time frame confirmations that we find.
Price Prediction
KAVA is a wonderful investment that will bring excellent profits. KAVA is also seen as a solid investment by Wallet Investor. However, they predict that in a year’s time, the price will rise to $6.954. The price is predicted to reach $17.067 in five years. In the time frame of just one year, it can be seen that the price doesn’t increase that much. But In five years we can see visible gains in the price. For the long term, this project is a really good one. But traders on the other hand ae quite optimistic about the movement and they think that it wouldn’t be long before KAVA is being traded above its all-time high.
