.png)
9 months ago
6
ARTICLE AD BOX
- Bullish KAVA price prediction for 2024 is $0.807 to $1.075.
- Kava (KAVA) price might reach $2 soon.
- Bearish KAVA price prediction for 2024 is $0.512.
In this Kava (KAVA) price prediction 2024, 2025-2030, we will analyze the price patterns of KAVA by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
KAVA (KAVA) PRICE PREDICTION 2024 |
|
| KAVA (KAVA) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Kava (KAVA) Current Market Status
| Current Price | $0.7826 | 24 – Hour Price Change | 0.63% High |
| 24 – Hour Trading Volume | $25,868,955 |
| Market Cap | />$846,199,385 |
| Circulating Supply | 1,082,861,683 KAVA | All – Time High | $9.19 (On Sep 09, 2021) |
| All – Time Low | $0.3 (On Mar 13, 2020 ) |
What is Kava (KAVA)
| TICKER | KAVA |
| BLOCKCHAIN | Cosmos |
| CATEGORY | Decentralized Finance |
| LAUNCHED ON | October, 2019 |
| UTILITIES | Governance, tipping system, gas fees & rewards |
Kava (KAVA) is a decentralized finance (DeFi) platform operating on the Cosmos blockchain. It facilitates decentralized lending, borrowing, and trading of digital assets. Kava enables users to collateralize their cryptocurrencies, allowing them to secure loans without selling their assets. The platform emphasizes interoperability, benefiting from the Cosmos network’s cross-chain functionality. KAVA token serves as the native utility token, supporting governance decisions, staking, and collateral for loans. Through staking, users can contribute to network security and earn staking rewards. Kava’s governance model involves token holders in decision-making processes, providing a decentralized approach to protocol upgrades. The platform has established partnerships to expand its ecosystem. As the cryptocurrency space evolves rapidly, staying informed through official channels and reputable sources is crucial for up-to-date information on Kava.
Kava 24H Technicals
(Source: TradingView)
Kava (KAVA) Price Prediction 2024
Kava (KAVA) ranks 92nd on CoinMarketCap in terms of its market capitalization. The overview of the Kava price prediction for 2024 is explained below with a daily time frame.
KAVA/USDT Horizontal Channel Pattern (Source: TradingView)
In the above chart, Kava (KAVA) laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines.
At the time of analysis, the price of Kava (KAVA) was recorded at $0.7826. If the pattern trend continues, then the price of KAVA might reach the resistance levels of $0.902, and $1.225. If the trend reverses, then the price of KAVA may fall to the support of $0.774, and $0.662.
Kava (KAVA) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Kava (KAVA) in 2024.
KAVA/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Kava (KAVA) for 2024.
| Resistance Level 1 | $0.807 |
| Resistance Level 2 | $1.075 |
| Support Level 1 | $0.632 |
| Support Level 2 | $0.512 |
KAVA Resistance & Support Levels
Kava (KAVA) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Kava (KAVA) are shown in the chart below.
KAVA/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Kava (KAVA) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.741Price = $0.775 (50MA < Price) | Bullish/Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 60.885 <30 = Oversold 50-70 = Neutral>70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Kava (KAVA) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Kava (KAVA) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
KAVA/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Kava (KAVA).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 16.084 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 50.19 <50 = Low >50 = High | Low volatility |
Comparison of KAVA with BTC, ETH
Let us now compare the price movements of Kava (KAVA) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs KAVA Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of KAVA is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of KAVA also increases or decreases respectively.
Kava (KAVA) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Kava (KAVA) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Kava (KAVA) Price Prediction 2025 | $2.8 | $0.5 |
| Kava (KAVA) Price Prediction 2026 | $3 | $0.4 |
| Kava (KAVA) Price Prediction 2027 | $3.3 | $0.3 |
| Kava (KAVA) Price Prediction 2028 | $4.5 | $0.2 |
| Kava (KAVA) Price Prediction 2029 | $5.8 | $0.1 |
| Kava (KAVA) Price Prediction 2030 | $6 | $0.09 |
Conclusion
If Kava (KAVA) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Kava (KAVA) price prediction for 2024 is $1.075. Comparatively, if unfavorable sentiment is triggered, the bearish Kava (KAVA) price prediction for 2024 is $0.512.
If the market momentum and investors’ sentiment positively elevates, then Kava (KAVA) might hit $2. Furthermore, with future upgrades and advancements in the Kava ecosystem, KAVA might surpass its current all-time high (ATH) of $9.19 and mark its new ATH.
FAQ
1. What is Kava (KAVA)?
Kava (KAVA) is a decentralized finance (DeFi) platform operating on the Cosmos blockchain.
2. Where can you purchase Kava (KAVA)?
Traders can trade Kava (KAVA) on the following cryptocurrency exchanges such as Binance, Huobi, Kraken, KuCoin, Gate.io, and OKEx
3. Will Kava (KAVA) reach a new ATH soon?
With the ongoing developments and upgrades within the Kava platform, Kava (KAVA) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Kava (KAVA)?
Kava (KAVA) hit its current all-time high (ATH) of $9.19 on Sep 09, 2021.
5. What is the lowest price of Kava (KAVA)?
According to CoinMarketCap, KAVA hit its all-time low (ATL) of $0.3 on Mar 13, 2020.
6. Will Kava (KAVA) reach $2?
If Kava (KAVA) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon.
7. What will be Kava (KAVA) price by 2025?
Kava (KAVA) price is expected to reach $2.8 by 2025.
8. What will be Kava (KAVA) price by 2026?
Kava (KAVA) price is expected to reach $3 by 2026.
9. What will be Kava (KAVA) price by 2027?
Kava (KAVA) price is expected to reach $3.3 by 2027.
10. What will be Kava (KAVA) price by 2028?
Kava (KAVA) price is expected to reach $4.5 by 2028.
Top Crypto Predictions
Bitcoin Cash (BCH) Price Prediction
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
English (US)