KAVA 1D Strong Buyer Wants Growth?

14 jun 2021

The KAVAUSDT chart looks very interesting.
On the one hand, the cost was drained by -70-75% like most of the altos in the May fall.
On the other hand, the falls were stopped above the strong liquidity zone, and the trading volumes were very high, which may indicate an increased interest in the KAVAUSD pair.

Looking at the graph of the Kavalabs token, two possible scenarios come to mind:
1) Price KAVA growth to $5, further correction, but buyers will no longer allow the price to drop below $4 and continued growth to the $8 area
(This option seems more likely)
2) If somehow the price of KAVAUSDT falls through and consolidates below $3, then the fall may continue further, and the zone of $1.80-2 will meet below

Perhaps the project has a strong fundamental news background? Share your thoughts in the comments!
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