Kava (KAVA) holds the 106th position on CoinGecko right now. KAVA price prediction 2022 is explained below with a daily time frame.
The above chart of Kava (KAVA) laid out a descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend. It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level, the bearish trend would be sustained.
Generally, a descending triangle pattern indicates the reversal of an uptrend or the continuation of the downtrend. Traders keenly look out for a significant breakout point.
Currently, Kava (KAVA) is at $0.878. If the pattern continues, the price of KAVA might reach the resistance level of $1.076 . If the trend reverses, then the price of KAVA may fall to $0.797
A very high-quality analysis of the asset. I think that the immediate price reaction will help make sure of the further direction of movement. Buddy, I wonder what indicators you use in your analysis?