Following the bearish wave which has swept across the crypto market today, the KAVA token has experienced a significant fall in its market price.<\/p>\n
According to data from CoinMarketCap<\/a>, KAVA is currently down by 10.90%, representing the biggest loss of the day. In general, the total crypto market cap is down by 0.31%, with the market leader, Bitcoin (BTC), losing by 0.46% in the last 24 hours.<\/p>\n This is while prominent tokens, such as Ripple (XRP), Dogecoin (DOGE), and Solana (SOL), have managed to stay afloat, recording no significant gain or loss.<\/p>\n KAVA began the week with sideways movement hovering around that $0.94 price region. However, after a slight price dip which saw the token retest at $0.91 on July 10, it embarked on a bullish run reaching as high as $1.02 the next day.<\/p>\n Related Reading: PEPE Price Drops More Than 60% From ATH \u2013 What Lies Ahead?<\/a><\/p>\n Following a consolidation at this zone for some hours, the token experienced a significant price boost yesterday,\u00a0 hitting a top price of $1.06. Albeit, since attaining this price level, KAVA has been on a downward trend returning to the price levels seen at the start of the week.\u00a0<\/p>\n Analyzing its 4-Hour chart, KAVA is currently in a strong consolidation zone, but if the bulls assume control of the market, the token could rise to the $1.06 price region, which has previously served as a strong resistance level.<\/p>\n A sustained bullish momentum that results in the altcoin pushing past this level could lead to a market price in the region of\u00a0 $1.22. That said, if the current selling pressure remains strong, KAVA could drop from its consolidation zone, falling as low as $0.73.<\/p>\n Based on CoinMarketCap data<\/a>, KAVA is currently trading at $0.94, with a 0.16% gain in the last hour. Meanwhile, the token\u2019s daily volume is down by 16.64% and now stands at $48 million. KAVA ranks as the 70th biggest cryptocurrency with a market cap value of $588 million.\u00a0<\/p>\n\n Contrary to its negative price movement today, Kava has actually recorded some positive news in the last few days. Just yesterday,\u00a0 its blockchain network launched<\/a> the Kava 14 mainnet upgrade, which in part likely caused the price hike seen yesterday.<\/p>\n As expected, this latest upgrade introduces a lot of new features, most notably smooth and seamless asset conversion between the Cosmos and Ethereum ecosystems.<\/p>\n Related Reading: Shiba Inu Whale Holding 10% Of Total SHIB Supply Shocks The Market<\/a><\/p>\n In addition to this network upgrade, KAVA was also recently listed<\/a> by the Bitfinex cryptocurrency exchange. Launched in 2012, Bitfinex ranks as one of the top exchanges in the world, with a presence in 52 countries worldwide.\u00a0<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Following the bearish wave which has swept across the crypto market today, the KAVA token has experienced a significant fall in its market price.<\/p>\n According to data from CoinMarketCap<\/a>, KAVA is currently down by 10.90%, representing the biggest loss of the day. In general, the total crypto market cap is down by 0.31%, with the market leader, Bitcoin (BTC), losing by 0.46% in the last 24 hours.<\/p>\n This is while prominent tokens, such as Ripple (XRP), Dogecoin (DOGE), and Solana (SOL), have managed to stay afloat, recording no significant gain or loss.<\/p>\n KAVA began the week with sideways movement hovering around that $0.94 price region. However, after a slight price dip which saw the token retest at $0.91 on July 10, it embarked on a bullish run reaching as high as $1.02 the next day.<\/p>\n Related Reading: PEPE Price Drops More Than 60% From ATH \u2013 What Lies Ahead?<\/a><\/p>\n Following a consolidation at this zone for some hours, the token experienced a significant price boost yesterday,\u00a0 hitting a top price of $1.06. Albeit, since attaining this price level, KAVA has been on a downward trend returning to the price levels seen at the start of the week.\u00a0<\/p>\n Analyzing its 4-Hour chart, KAVA is currently in a strong consolidation zone, but if the bulls assume control of the market, the token could rise to the $1.06 price region, which has previously served as a strong resistance level.<\/p>\n A sustained bullish momentum that results in the altcoin pushing past this level could lead to a market price in the region of\u00a0 $1.22. That said, if the current selling pressure remains strong, KAVA could drop from its consolidation zone, falling as low as $0.73.<\/p>\n Based on CoinMarketCap data<\/a>, KAVA is currently trading at $0.94, with a 0.16% gain in the last hour. Meanwhile, the token\u2019s daily volume is down by 16.64% and now stands at $48 million. KAVA ranks as the 70th biggest cryptocurrency with a market cap value of $588 million.\u00a0<\/p>\n Contrary to its negative price movement today, Kava has actually recorded some positive news in the last few days. Just yesterday,\u00a0 its blockchain network launched<\/a> the Kava 14 mainnet upgrade, which in part likely caused the price hike seen yesterday.<\/p>\n As expected, this latest upgrade introduces a lot of new features, most notably smooth and seamless asset conversion between the Cosmos and Ethereum ecosystems.<\/p>\n Related Reading: Shiba Inu Whale Holding 10% Of Total SHIB Supply Shocks The Market<\/a><\/p>\nKAVA Price Action And Analysis<\/h2>\n
KAVA Records Some Positive Moves Despite Price Movement\u00a0<\/h2>\n
KAVA Price Action And Analysis<\/h2>\n
KAVA Records Some Positive Moves Despite Price Movement\u00a0<\/h2>\n