Crypto price prediction: Kava, Cardano, Render Token

  • Cryptocurrency costs dived sharply this week partly due to Bitcoin’s congestion.

  • KAVA, a DeFi-yielding protocol, was among the finest performing tokens.

Cryptocurrency costs had a tricky week as issues concerning the trade continued. Bitcoin dropped beneath $27,000 whereas the entire market cap of all digital currencies crashed to $1.10 trillion. Additional, meme cash like Pepe, Milady Meme Coin, Mrs Pepe, and Pepe AI have additionally plunged previously few days. This crypto worth prediction will have a look at Kava, Render Token, advert Cardano.

Kava worth prediction

Kava worth has been one of many best-performing cryptocurrencies this week. It jumped to a excessive of $0.9353, the very best level since April nineteenth. On the 4H chart, it has moved above the 38.2% retracement stage. 

Kava has additionally jumped above the 25-period and 50-period exponential transferring averages (EMA) whereas the Relative Power Index (RSI) and the MACD have risen sharply. 

Subsequently, the outlook for the Kava token is bullish, with the following key resistance stage to look at will probably be at $1. This view will probably be confirmed if it strikes above the important thing resistance level at $0.96, the very best level in April. The stop-loss for this commerce will probably be at $0.84, the bottom level on Friday.

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Render Token worth prediction

Render Token worth jumped sharply in April as buyers cheered the vote emigrate it to Solana. This month, nevertheless, the token has pulled again and fallen by 34% from its highest level stage. Render has moved to the 50% retracement stage and dropped beneath the 25-day and 50-day exponential transferring averages.

RNDR additionally retested the important thing assist stage at $1.6100, the bottom level on April twenty first. Subsequently, whereas the token has bounced again modestly previously few days, I think that the bearish development will resume as sellers goal the important thing assist at $1.400. 

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Cardano worth prediction

Cardano, like different main cryptocurrencies, has been in a steep bearish development previously few weeks. The sell-off intensified on April twentieth after the coin moved beneath the decrease aspect of the ascending channel proven in pink. It has additionally moved beneath the 25-period and 50-period exponential transferring averages and the assist at $0.3786, the bottom level on April 25. 

Subsequently, I think that ADA worth is about to rebound and retest the resistance at $0.3786 after which resume the bearish development. Extra draw back will probably be confirmed if the value strikes beneath the assist at $0.3500, the bottom level this week.

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