Kava (KAVA) Price Prediction 2023 – Will KAVA Hit $2.5 Soon?
- Bullish KAVA price prediction for 2023 is $1.348 to $3.775.
- The KAVA price will also reach $2.5 soon.
- Bearish KAVA price prediction for 2023 is $0.525.
In Kava (KAVA) price prediction 2023, 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
| Current Price | $0.617 |
| 24 – Hour Trading Volume | $46,269,692 |
| 24 – Hour Price Change | 3.25% down |
| Circulating Supply | 368,153,790 |
| All – Time High | $9.12 (On August 30, 2021) |
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 2023
Kava (KAVA) holds the 121st position on CoinGecko right now. KAVA price prediction 2023 is explained below with a daily time frame.
The above chart of Kava (KAVA) laid out a Horizontal channel pattern. Horizontal channel pattern, also known as the sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows.
Currently, Kava (KAVA) is at $0.617. If the pattern continues, the price of KAVA might reach the resistance level of $0.662 and $0.845. If the trend reverses, then the price of KAVA may fall to $0.588 and $0.522.
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 | $1.348 |
| Resistance Level 2 | $2.374 |
| Resistance Level 3 | $3.775 |
| Support Level | $0.525 |
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 $3.775.
Accordingly, if the investors turn against the crypto, the price of the KAVA might plummet to almost $0.525, a bearish signal.
Kava (KAVA) Price Prediction 2023 — 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 bearish 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 40.34. This means that KAVA is nearly in an oversold state. However, this gives confidence to the traders to trade without any fear.
Kava (KAVA) Price Prediction 2023 — 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 44.803, indicating a very 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 above 50, indicating high volatility. In fact, KAVA’s RSI is at 40.34, 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 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of SafePal (SFP) between 2024 and 2030.
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 $4 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 $6.
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 $8.
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 $14 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 $16 by 2030.
Conclusion
With continuous improvements in the Kava network, we can say that 2023 is a good year for KAVA. For this reason, the bullish price prediction of Kava (KAVA) in 2023 is $3.775. On the other hand, the bearish price prediction of Kava (KAVA) for 2023 is $0.525.
Furthermore, with the advancements and upgrades to the Kava ecosystem, the performance of KAVA would help to reach above its current all-time high (ATH) of $9.12 very soon. But, it might also reach $2.5 if the investors believe that KAVA is a good investment in 2023.
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, Upbit, WhiteBIT, BKEX and KuCoin.
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 2023.
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 $2.5 soon.
Kava (KAVA) price is expected to reach $4 by 2024.
Kava (KAVA) price is expected to reach $6 by 2025.
Kava (KAVA) price is expected to reach $8 by 2026.
Kava (KAVA) price is expected to reach $10 by 2027.
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.
Read more: https://thenewscrypto.com/kava-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
