Again, KAVA arrived at the most dominant zone of panic sellers

Kava token looks bullish on a weekly time frame; Conversely, a minor rejection phase is seen below the downsloping trendline.
Kava's trading volume is not substantial during a bullish trend compared to the current rally.
Kava investors are barely keeping the asset price above the key moving averages.

The KAVA token is looking above important moving averages including the 20,50,100 and 200 EMAs in the reference of the daily price chart. And the bulls barely try to maintain the asset above the 200 EMA.

During the recovery, the daily RSI has breached the half-line (50-point) and moved into overbought territory, but now with the consolidation phase, the RSI is at 63 which is still bullish.

The MACD indicator gave a crossover in the positive zone last night. This bearish crossover will fail if the bulls keep Kava above the 200 EMA.

An sloping trendline is attacking the crucial resistance area for panic-sellers and the MACD has given a bearish crossover. Now the Kawak holders have to gather more force to circumvent this bully barrier.

Support level - $3.0 and $2.5
Resistance level - $5.5 and $6.5