KAVA Technical Analysis: KAVA Recovery Struggles To Surpass $3

A potential breakout from the $3 resistance would extend the KAVA recovery rally to the $4 psychological mark. But when should you enter? Key technical points: The price resonating between the $3 and $2.26 resistance for the past three weeks Range breakout would kickstart a directional rally in KAVA The 24-hour trading volume of kava is $67.5 Million, indicating a hike of 26.3%. Past Performance of KAVA On April 29th, a failed attempt from KAVA buyers to surpass the previous swing high of $5.6 triggered a significant correction. The V-top reversal brought the altcoin to a $4 psychological level, but the border negative sentiment in the market bolstered support breakdown. The intense sell-off plunged the coin price to a low of $1.4, registering a 75% concerning the $5.6 high. Source- Tradingview KAVA Technical Analysis The heavy discount on KAVA price caused an immediate reversal from the $1.43 mark and surged it 110% higher to $3. However, for the past three weeks, the altcoin is struggling to breach this resistance, resulting in a short consolidation. The 20-and-50-day EMA offers constant resistance to market price assist sellers to prevent a bullish breakout from $3. Moreover, the 100-and-200-day EMA moving just above it bolsters the same cause. However, a constant rise in MACD and signal line indicates growth in underlying bullishness. Thus, with the increasing buying pressure, the altcoin should reattempt to surpass the ov...