$KAVA #KAVA is currently compressed within a falling wedge pattern, building up momentum for a potential bullish breakout.
If the bulls muster enough strength, we could see KAVAUSDT break free from this formation, potentially igniting a powerful bullish wave. The price may surge toward the internal resistance zone around $0.388 if this trend continues. We might even see momentum push toward a major resistance level if momentum persists!
But caution is essential. If the bulls canât deliver the necessary momentum, we might see KAVA slipping toward the lower support zone at $0.23â$0.25 as it hunts for liquidity.
If this critical support zone also fails, bearish pressure could increase, leading to a further decline.
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The $CKB funding rate is -3.000 which is extremely high, due to exchanges pulling this Coin if you open short they will pump the coin and also cut the funds fee and will Liquidate you. Leave the coin alone once it cools then we will take the juice out of it. !!
The total cryptocurrency market cap is consolidating within a descending broadening wedge pattern and is currently rebounding from a horizontal demand zone. The Ichimoku Cloud is acting as resistance above the price action.
A breakout from both the Ichimoku Cloud and the pattern could trigger a strong bullish rally in the crypto market. Keep an eye on these developments.