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Kava (KAVA) Price Prediction 2023: Will KAVA Hit $5 Soon?

• Kava (KAVA) is a cross-chain decentralized financial platform that enables users to obtain credit by locking collateral in exchange for USDX, a stable currency pegged to the US dollar.
• Current KAVA price is $0.878506 and the 24-hour trading volume is $14,572,707.
• Kava (KAVA) Price Prediction 2023 suggests that its price could reach between $1.343 to $3.749 and may even hit $5 soon.

What is Kava (KAVA)?

Kava is a cross-chain decentralized financial platform (DeFi) that enables users to obtain credit by blocking collateral in exchange for USDX, a stable currency pegged to the US dollar. The protocol built on Cosmos uses ecosystem partitions to provide interoperability and support for cryptocurrencies hosted on disparate blockchains such as Bitcoin and XRP. Kava Token (KAVA) is a native governance token and a shared asset of the Kava protocol. Token holders are responsible for regulating the protocol, voting on smart contracts and proposals for operating parameters, securing the network and acting as the lender of last resort.

Kava (KAVA) Current Market Status

Current Price: $0.878506
24 – Hour Trading Volume: $14,572,707
24 – Hour Price Change: 4.9% down
Circulating Supply: 422,098,365
All – Time High:$9.12 (On August 30, 2021)

Kava (KAVA) Price Prediction 2023

The chart laid out an ascending triangle pattern which suggests that if trend breakout at resistance level then price will continue to move up in this pattern with possible target prices of $1.054 and $1.240 respectively while if trend reverses then it may fall back till 0.$948 or 0.$898 levels respectively

Support & Resistance Levels

From daily time frame we can clearly interpret following support & resistance levels : Support 1 : 0.$948 , Support 2 : 0.$898 , Resistance 1 : 1.$054 , Resistance 2 : 1.$240 .

Conclusion

In conclusion from above analysis we can say that KVA might reach between $1-$3 range in 2023 predicting its price will also reach up-to 5$ soon .