Kava (KAVA) Price Prediction 2022 – Will KAVA Hit $5 Soon?
- Bullish KAVA price prediction for 2022 is $0.952 to $3.759.
- The KAVA price will also reach $5 soon.
- Bearish KAVA price prediction for 2022 is $0.775.
In Kava (KAVA) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about KAVA to analyze the future movement of the cryptocurrency.
Kava (KAVA) Current Market Status
According to CoinGecko, the price of Kava (KAVA) is $0.913 with a 24-hour trading volume of $8,519,855 at the time of writing. However, KAVA has decreased to 0.5% in the last 24 hours.
Moreover, Kava (KAVA) has a circulating supply of 326,742,335 KAVA. Currently, KAVA trades in cryptocurrency exchanges such as Binance, FTX, CoinTiger, Bybit, and MEXC.
What is Kava (KAVA)?
Kava is a cross-chain decentralized financial platform (DeFi) that enables users to obtain credit by blocking collateral in exchange for USDX, a stable currency pegged to the US dollar. The protocol built on Cosmos uses ecosystem partitions to provide interoperability and support for cryptocurrencies hosted on disparate blockchains such as Bitcoin and XRP.
Kava Token (KAVA) is a native governance token and a shared asset of the Kava protocol. Token holders are responsible for regulating the protocol, voting on smart contracts and proposals for operating parameters, securing the network and acting as the lender of last resort.
Kava (KAVA) Price Prediction 2022
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 $0.913. If the pattern continues, the price of KAVA might reach the resistance level of $0.952 and $1.043. If the trend reverses, then the price of KAVA may fall to $0.868.
Kava (KAVA) Support and Resistance Levels
The chart below shows the support and resistance levels of Kava (KAVA).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Kava (KAVA).
- Resistance Level 1 – $1.340
- Resistance Level 2 – $2.374
- Resistance Level 3 – $3.759
- Support Level – $0.775
The charts show that KAVA has performed a bullish trend over the past month. If this trend continues, KAVA might run along with the bulls overtaking its resistance level at $3.759.
Accordingly, if the investors turn against the crypto, the price of the KAVA might plummet to almost $0.775, a bearish signal.
Kava (KAVA) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Kava (KAVA) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of KAVA lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Kava (KAVA) is shown in the above chart. Notably, the KAVA price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, KAVA is in a bullish state. There is a possibility of a reversal trend of KAVA at any time.
Meanwhile, the relative strength index (RSI) of the KAVA is at a level of 32.55. This means that KAVA is an oversold state. However, this gives confidence to the traders to trade without any fear.
Kava (KAVA) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Kava (KAVA). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Kava (KAVA). Currently, KAVA lies in the range of 56.217, indicating a strong trend.
From the above chart, the Relative Volatility Index (RVI) of Kava (KAVA). RVI measures the constant deviation of price changes over a period of time. The RVI of KAVA lies below 50, indicating low volatility. In fact, KAVA’s RSI is at 32.55, thus confirming a potential sell signal.
Comparison of KAVA with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Kava (KAVA).
From the above chart, we can interpret ETH, BTC, and KAVA are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and KAVA also increase or decrease respectively.
Kava (KAVA) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Kava (KAVA) might probably attain $6 by 2023.
Kava (KAVA) Price Prediction 2024
With several upgrades in the network, Kava (KAVA) might enter a bullish trajectory. If the coin grabs the attention of major investors, KAVA might rally to hit $7 by 2024.
Kava (KAVA) Price Prediction 2025
If Kava (KAVA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, KAVA will rally to hit $8.
Kava (KAVA) Price Prediction 2026
If Kava (KAVA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, KAVA would rally to hit $9.
Kava (KAVA) Price Prediction 2027
If Kava (KAVA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, KAVA would rally to hit $10.
Kava (KAVA) Price Prediction 2028
If Kava (KAVA) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, KAVA would hit $12.
Kava (KAVA) Price Prediction 2029
If investors flock in and continue to place their bets on Kava (KAVA), it would witness major spikes. KAVA might hit $13 by 2029.
Kava (KAVA) Price Prediction 2030
With greater advancements in the Kava ecosystem, the crypto community might continue to invest in Kava (KAVA) for the next 8 years and drive significant price rallies for the token. Hence, Kava (KAVA) might hit $15 by 2030.
Conclusion
With continuous improvements in the Kava network, we can say that 2022 is a good year for KAVA. For this reason, the bullish price prediction of Kava (KAVA) in 2022 is $3.759. On the other hand, the bearish price prediction of Kava (KAVA) for 2022 is $0.775.
Furthermore, with the advancements and upgrades in the Kava ecosystem, the performance of Kava (KAVA) might hit $5 gaining investors’ attention. It would also rise above its all-time high (ATH) of $9.12 in the near future.
FAQ
Kava is a cross-chain decentralized financial platform (DeFi) that enables users to obtain credit by blocking collateral in exchange for USDX, a stable currency pegged to the US dollar.
Kava (KAVA) has been listed on many crypto exchanges which include Binance, FTX, CoinTiger, Bybit, and MEXC.
With the ongoing developments and upgrades within the Kava platform, Kava (KAVA) has a high possibility of reaching its ATH soon.
On August 30, 2021, KAVA reached its new all-time high (ATH) of $9.12.
Kava (KAVA) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Kava in the past few months, KAVA is considered a good investment in 2022.
Kava (KAVA) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues, Kava (KAVA) will hit $5 soon.
Kava (KAVA) price is expected to reach $6 by 2023.
Kava (KAVA) price is expected to reach $7 by 2024.
Kava (KAVA) price is expected to reach $8 by 2025.
Kava (KAVA) price is expected to reach $9 by 2026.
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.
Recommended For You
- Coinbase Diversifies Options with Polygon and Kava
- Kava New Product Challenges Smartphone Manufacturers
Read more: https://thenewscrypto.com/kava-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
