Kava and Augur (REP) Technical Analysis: Prices Sinking
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Kava
The cross-chain money market platform is powered by KAVA.
Past Performance of KAVA
The KAVA bearish reign has been brutal on bulls. From the KAVA technical analysis of the daily chart, the token is down a massive 47 percent from H2 2021 highs.
As it stands, the greenback could likely build on yesterday's losses meaning KAVA crypto would continue to underperform.
Day-Ahead and What to Expect
Already, the KAVAUSDT candlestick arrangement is within a bear breakout pattern, visible from the daily chart.
There could be more selling pressure reading from the recent dismal performance. Notably, the KAVA coin has low upward momentum and is capped by the middle BB.
Therefore, as long as KAVA prices trend below $5.5 and within the recent consolidation from mid-November, sellers have the upper hand.
Kava Technical Analysis
KAVAUSDT prices are free falling from the daily chart.
With every KAVAUSDT pulse below the middle BB, $5.5, bears can double down, selling on pullbacks following the confirmation of yesterday’s losses in the Asian session.
From the state of KAVA price action, the odds of the coin sliding to July 2021 lows of around $3.2—the next expected reaction level—remain high.
Augur (REP)
The Ethereum-based predictions platform is one of the most popular. REP is its native currency.
Past Performance of REP
In lock-step with the general state of the cryptocurrency market, Augur token prices are sinking.
The daily chart shows that REP crypto prices are already down, dropping 50 percent from the November 2021 highs.
Day-Ahead and What to Expect
The Augur token price is under pressure as per the recent price performance.
Recent losses of REP coin prices only yanks below the bull flag.
As REPUSDT trend inside the descending channel, the uptrend remains valid as long as prices remain above September 2021 lows of $18.
Augur Technical Analysis
The Augur token is shredded when writing.
Although there could be hints of strength from an effort-versus-result, top-down approach, sellers are in a commanding position following the confirmation of yesterday’s losses in the Asian session.
Since REPUSDT is now trending below $18, sellers might find entries to dump on pullbacks with targets at $13—or lower in the days to come.