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KAVA crypto is trading below key moving averages showcasing bearishness on the daily technical chart.
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The Crypto is exhibiting bearish pressure from the higher levels.
Currently, the trend is being dictated by the bears, who are firmly in control of the price action. Despite the bulls’ attempts to take charge, they were unable to break above 200 EMA, and as a result, the bears have regained their dominance over the price action on the 1-day chart.
KAVA cryptocurrency is currently trading below the key exponential moving averages, which are within the bears’ reach. On the daily timeframe, the price is facing resistance from the upper levels. The supply zone is experiencing significant selling pressure, which suggests that the bears may soon push the value of the cryptocurrency further down.
Technical indicators indicate that the Bears have the upper hand. The price pattern, oscillators, EMAs, and volume are moving together, giving sim
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