This chart of $KAVA /USDT on Binance shows a strong bullish trend with the price up 21.66% in the last 24 hours, currently trading at $0.5818. The 24-hour high of $0.5960 indicates potential resistance, while the 24-hour low of $0.4728 demonstrates significant buying interest in that region.

Long Entry:

Entry Zone: $0.5600–$0.5700 (wait for a minor pullback for a better risk-to-reward ratio).

Stop Loss: $0.5400 (below recent support levels).

Targets: $0.6000 (first target) and $0.6200 (second target if bullish momentum continues).

Short Entry:

Entry Zone: $0.5950–$0.6000 (if price fails to break resistance).

Stop Loss: $0.6100 (above resistance level).

Targets: $0.5700 (first target) and $0.5500 (second target if bearish confirmation is strong).

Analysis:

The coin has seen a significant pump, reflected in the 90-day increase of 76.37%, indicating strong mid-term bullish momentum. However, caution is needed as the price nears resistance, which could lead to profit-taking by traders. If support holds near $0.5600, the bullish trend is likely to continue, but a break below $0.5400 could signal a reversal. Always manage risk and adjust stops based on market conditions.

#CryptoReboundStrategy #BitcoinTurns16 #BitcoinHashRateSurge #XRPBackInTop3