Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Kava (KAVA) Stands Out in a Sluggish Market as Buyers Take the Lead

Kava (KAVA) Stands Out in a Sluggish Market as Buyers Take the Lead

BeInCryptoBeInCrypto2025/04/07 06:30
By:Abiodun Oladokun

KAVA is outperforming peers with rising buyer momentum and bullish on-chain indicators. If it breaks above $0.415, a rally to $0.44 may follow.

Layer-1 (L1) coin KAVA has emerged as the day’s top performer with a modest 0.10% gain over the past 24 hours. The coin remains range-bound despite this lead, signaling a relative balance between buying and selling pressure.

Still, the sentiment around KAVA is quietly bullish. With technical and on-chain indicators pointing to a surging positive bias, the altcoin might be poised for a breakout above its narrow range.  

Buyers Dominate as KAVA Teases Break Above Resistance

Since the beginning of April, KAVA’s price has oscillated within a range. The 98th largest crypto by market capitalization has faced resistance at $0.415 and has found support at $0.392.

Kava (KAVA) Stands Out in a Sluggish Market as Buyers Take the Lead image 0KAVA Price Analysis. Source: TradingView

With the gradual resurgence in bullish bias toward the altcoin, KAVA could see a break above the $0.415 resistance level in the near term.

Its positive Balance of Power (BoP) on the daily chart confirms this outlook.  At press time, this momentum indicator is at 0.20. 

Kava (KAVA) Stands Out in a Sluggish Market as Buyers Take the Lead image 1KAVA BoP. Source: TradingView

The BoP indicator measures the strength of buyers versus sellers in the market, helping to identify momentum shifts. When its value is negative, sellers are dominating the market over buyers.

Converesly, a positive BoP like this suggests that buying activity outweighs selling pressure. This reflects KAVA’s growing demand and potential for its price to appreciate further.

Moreover, the coin’s positive funding rate highlights the bullish sentiment among KAVA’s futures traders. As of this writing, the metric stands at 0.0097%.

Kava (KAVA) Stands Out in a Sluggish Market as Buyers Take the Lead image 2KAVA Funding Rate. Source: Coinglass

The funding rate is a periodic payment between traders in perpetual futures contracts to keep prices aligned with the spot market. KAVA’s positive funding rate means long positions are paying short. This trend indicates that more KAVA traders are betting on its price to increase.

KAVA Approaches Breakout—Can It Flip $0.41 Into Support?

KAVA’s strengthening buying pressure could trigger a break above the resistance at $0.415. If this price level is successfully flipped into a support floor, KAVA’s uptrend will gain momentum and could reach $0.44.

Kava (KAVA) Stands Out in a Sluggish Market as Buyers Take the Lead image 3KAVA Price Analysis. Source: TradingView

Conversely, if profit-taking spikes, the coin could slip below support at $0.392. In this scenario, KAVA’s price could fall further to $0.38.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Pudgy Penguins NFT surpasses Bored Ape in one month: A quick overview of what the PENGU token is

PENGU is the official token of the Pudgy Penguins NFT series and will be launched on the Solana blockchain by the end of 2024. Pudgy Penguins is an NFT project featuring 8,888 unique penguin images, initially released on Ethereum, and has now become the second-largest NFT project by market capitalization. The launch of PENGU aims to expand the community, attract new users, and is planned for deployment on multiple blockchains. The total token supply is 88,888,888,888, allocated to the community, liquidity pools, project team, and others. Solana was chosen to reach a new audience and leverage its fast transactions and low-cost advantages. Summary generated by Mars AI This summary is generated by the Mars AI model, and the accuracy and completeness of its content are still in the process of iterative improvement.

MarsBit2025/12/13 18:24
Pudgy Penguins NFT surpasses Bored Ape in one month: A quick overview of what the PENGU token is

Glassnode: Bitcoin Weakly Fluctuates, Is Major Volatility Coming?

If signs of seller exhaustion begin to appear, a short-term move towards $95,000 and the short-term holder cost basis is still possible.

Chaincatcher2025/12/13 17:54
Glassnode: Bitcoin Weakly Fluctuates, Is Major Volatility Coming?

Should You Still Believe in Crypto

No industry has always been right from the beginning, until it truly changes the world.

Chaincatcher2025/12/13 17:54
Should You Still Believe in Crypto

Zeus unveils institutional-grade MPC infrastructure blueprint at Solana Breakpoint 2025, enabling Bitcoin to enter Solana’s on-chain capital markets

The focus will now shift to building MPC tools and providing support for developers, driving the creation of more native UTXO applications on Solana.

BlockBeats2025/12/13 17:13
Zeus unveils institutional-grade MPC infrastructure blueprint at Solana Breakpoint 2025, enabling Bitcoin to enter Solana’s on-chain capital markets
© 2025 Bitget