Kava (KAVA), which will step into its new version on May 17, has gained 56 percent in the last week.
Kava (KAVA), which planned to start its new version on May 4, postponed this move to May 17. One of the most important concepts of fundamental analysis, “buying up”, triggered KAVA to the upside. KAVA, which has increased by 56.82 percent since May 8, reflected the importance of news flow to its price. KAVA, which lost 45 percent of its value from March 14 to May 8, managed to reach $ 0.97 again with the wind behind it.
Kava (KAVA) Graphic Analysis
KAVA, which was strengthened by the news flow, had an increase of 56.82 percent, reaching $ 1.04 from $ 0.667. The sales that started in BTC also shook KAVA. KAVA, which loosened to $0.97, could test the $1,145 and $1,217 resistances if it can continue its upward move with the fundamental analysis behind it. Expectations continue in KAVA, which has appreciated by 57 percent in the last week.
As the news effect wears off and the sell-off in BTC or ETH becomes even bigger, KAVA’s declines may be accelerated even more. In case of KAVA depreciation, 0.952 – 0.844 – 0.758 and 0.667 dollars levels can be followed as support, respectively.
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