KAVA Technical Analysis: Trend Reversal Teases $5 Breakout

KAVA coin price shows a sudden reversal in trend after finding demand near the $4 mark with the help of merged EMAs. Will the trend reversal reach $5? Key technical points: The reversal trend surpasses the 200-day EMA. The KAVA coin price has increased by 1.20% within the last 24 hours. Finally, the 24-hour trading volume of Kava is $123 Million, marking a 68% rise. Past Performance of KAVA The KAVA coin price action shows a morning star pattern formation near the support confluence of the $4 support level and the merged 50 and 100-day EMAs. The reversal surpasses the 200-day EMA and $4.25. However, the daily candles showcase higher price rejection in the daily candles, reflecting a bearish influence. Source-Tradingview KAVA Technical Analysis KAVA coin price sustains above the $4 mark and reverses the downfall as mentioned in our previous article. Hence, the bulls defuse the double top fallout possibility and might surpass the $4.65 marks shortly. The crucial daily EMAs strive to gain a bullish alignment as the merged 50 and 100-day EMAs are ready for a bullish crossover. Hence, the uptrend in the EMAs increases the chances of a golden crossover. RSI Indicator: The RSI slope regains the bullish momentum and halts the downtrend before cracking the halfway milestone. The reversal trend is approaching the 14-day average line and might shortly surpass it. MACD Indicator: The MACD and signal lines show a diagonal trend in the dail...