KAVA Buy Opportunity Update Sniper Entry 🎯Update 25/03/21
KAVA Buy Opportunity 69% Gain from DCA Zone @ 50% Fibonacci Level.
Update from 19/03/21
Excellent buy opportunity for a 30% Gain back to ATH price @ $7.42, our current price target is at the 127.20% Fibonacci level @ $8.67 (53% Gain). The price of KAVA broke down past the 13 EMA to test the 50 SMA , this downward pressure seems to have exhausted now and we expect the Bulls to come back in the market to test the 13 EMA and push past this level signalling a strong continuation pattern back towards the ATH . We saw a similar move on the 15th March where the price broke down the 13 EMA to test the 50 SMA and then bounced back to upside testing and breaking through the 13 EMA gaining 40% from $4.99 to $7.02.
Use the Buy Zone to map out a sniper entry at the 61.80% Fibonacci level. KAVA is a great project with a lot of potential in the mid-long-term as we see waves of new institutional money flooding into the market. We bought in at the 61.80% Fibs @ $5.6 and if we test lower levels we will be looking to accumulate more coins. The bearish scenario is still possible but we do not expect to see the price go lower than the range between the 50%-38.20% Fibonacci level ($5.11 - $4.57), the stochastics are showing an extremely oversold market on the 4H, be patient wait for confirmation before entering.
Key Notes on Kava:
Kava, built on the Cosmos SDK, is quickly gaining momentum as the most trusted DeFi platform for institutional clients around the world. Kava plans to take another major step forward towards that end through an integration with Cosmos’s recently launched Inter-Blockchain Communication Protocol ( IBC ). Kava will then use IBC to make Chainlink’s widely used and secure decentralized data feeds available to blockchains across the wider Cosmos ecosystem.
The use of Chainlink data as part of the broader Kava DeFi ecosystem is not new. Kava first integrated Chainlink back in May of 2020. Onboarding Chainlink Price Reference Data oracles onto the Kava blockchain has provided a valuable service to all users of its DeFi ecosystem. As more financial institutions make their way to Kava, direct on-chain access to real-time and tamper-resistant data will prove increasingly beneficial to everyone.
KAVAUSD trade ideas
KAVA Buy Opportunity Update Sniper Entry 🎯Update 23/03/21
KAVA Buy Opportunity 69% Gain from DCA Zone @ 50% Fibonacci Level.
Update from 19/03/21
Excellent buy opportunity for a 30% Gain back to ATH price @ $7.42, our current price target is at the 127.20% Fibonacci level @ $8.67 (53% Gain). The price of KAVA broke down past the 13 EMA to test the 50 SMA , this downward pressure seems to have exhausted now and we expect the Bulls to come back in the market to test the 13 EMA and push past this level signalling a strong continuation pattern back towards the ATH . We saw a similar move on the 15th March where the price broke down the 13 EMA to test the 50 SMA and then bounced back to upside testing and breaking through the 13 EMA gaining 40% from $4.99 to $7.02.
Use the Buy Zone to map out a sniper entry at the 61.80% Fibonacci level. KAVA is a great project with a lot of potential in the mid-long-term as we see waves of new institutional money flooding into the market. We bought in at the 61.80% Fibs @ $5.6 and if we test lower levels we will be looking to accumulate more coins. The bearish scenario is still possible but we do not expect to see the price go lower than the range between the 50%-38.20% Fibonacci level ($5.11 - $4.57), the stochastics are showing an extremely oversold market on the 4H, be patient wait for confirmation before entering.
Key Notes on Kava:
Kava, built on the Cosmos SDK, is quickly gaining momentum as the most trusted DeFi platform for institutional clients around the world. Kava plans to take another major step forward towards that end through an integration with Cosmos’s recently launched Inter-Blockchain Communication Protocol ( IBC ). Kava will then use IBC to make Chainlink’s widely used and secure decentralized data feeds available to blockchains across the wider Cosmos ecosystem.
The use of Chainlink data as part of the broader Kava DeFi ecosystem is not new. Kava first integrated Chainlink back in May of 2020. Onboarding Chainlink Price Reference Data oracles onto the Kava blockchain has provided a valuable service to all users of its DeFi ecosystem. As more financial institutions make their way to Kava, direct on-chain access to real-time and tamper-resistant data will prove increasingly beneficial to everyone.
KAVA Buy Opportunity 53% Gain from Buy Zone 1KAVA Buy Opportunity 53% Gain from Buy Zone 1 @ 61.80% Fibonacci Level.
Kava approaching Buy Zone 1 again, some sweet gains to be made back to ATH levels. Re-entering in this Buy Zone.
Update from 19/03/21
Excellent buy opportunity for a 30% Gain back to ATH price @ $7.42, our current price target is at the 127.20% Fibonacci level @ $8.67 (53% Gain). The price of KAVA broke down past the 13 EMA to test the 50 SMA , this downward pressure seems to have exhausted now and we expect the Bulls to come back in the market to test the 13 EMA and push past this level signalling a strong continuation pattern back towards the ATH . We saw a similar move on the 15th March where the price broke down the 13 EMA to test the 50 SMA and then bounced back to upside testing and breaking through the 13 EMA gaining 40% from $4.99 to $7.02.
Use the Buy Zone to map out a sniper entry at the 61.80% Fibonacci level. KAVA is a great project with a lot of potential in the mid-long-term as we see waves of new institutional money flooding into the market. We bought in at the 61.80% Fibs @ $5.6 and if we test lower levels we will be looking to accumulate more coins. The bearish scenario is still possible but we do not expect to see the price go lower than the range between the 50%-38.20% Fibonacci level ($5.11 - $4.57), the stochastics are showing an extremely oversold market on the 4H, be patient wait for confirmation before entering.
Key Notes on Kava:
Kava, built on the Cosmos SDK, is quickly gaining momentum as the most trusted DeFi platform for institutional clients around the world. Kava plans to take another major step forward towards that end through an integration with Cosmos’s recently launched Inter-Blockchain Communication Protocol ( IBC ). Kava will then use IBC to make Chainlink’s widely used and secure decentralized data feeds available to blockchains across the wider Cosmos ecosystem.
The use of Chainlink data as part of the broader Kava DeFi ecosystem is not new. Kava first integrated Chainlink back in May of 2020. Onboarding Chainlink Price Reference Data oracles onto the Kava blockchain has provided a valuable service to all users of its DeFi ecosystem. As more financial institutions make their way to Kava, direct on-chain access to real-time and tamper-resistant data will prove increasingly beneficial to everyone.
KAVA Buy Opportunity 53% Gain from Buy ZoneKava approaching Buy Zone 1 again, some sweet gains to be made back to ATH levels. Re-entering in this Buy Zone.
Update from 19/03/21
Excellent buy opportunity for a 30% Gain back to ATH price @ $7.42, our current price target is at the 127.20% Fibonacci level @ $8.67 (53% Gain). The price of KAVA broke down past the 13 EMA to test the 50 SMA , this downward pressure seems to have exhausted now and we expect the Bulls to come back in the market to test the 13 EMA and push past this level signalling a strong continuation pattern back towards the ATH . We saw a similar move on the 15th March where the price broke down the 13 EMA to test the 50 SMA and then bounced back to upside testing and breaking through the 13 EMA gaining 40% from $4.99 to $7.02.
Use the Buy Zone to map out a sniper entry at the 61.80% Fibonacci level. KAVA is a great project with a lot of potential in the mid-long-term as we see waves of new institutional money flooding into the market. We bought in at the 61.80% Fibs @ $5.6 and if we test lower levels we will be looking to accumulate more coins. The bearish scenario is still possible but we do not expect to see the price go lower than the range between the 50%-38.20% Fibonacci level ($5.11 - $4.57), the stochastics are showing an extremely oversold market on the 4H, be patient wait for confirmation before entering.
Key Notes on Kava:
Kava, built on the Cosmos SDK, is quickly gaining momentum as the most trusted DeFi platform for institutional clients around the world. Kava plans to take another major step forward towards that end through an integration with Cosmos’s recently launched Inter-Blockchain Communication Protocol ( IBC ). Kava will then use IBC to make Chainlink’s widely used and secure decentralized data feeds available to blockchains across the wider Cosmos ecosystem.
The use of Chainlink data as part of the broader Kava DeFi ecosystem is not new. Kava first integrated Chainlink back in May of 2020. Onboarding Chainlink Price Reference Data oracles onto the Kava blockchain has provided a valuable service to all users of its DeFi ecosystem. As more financial institutions make their way to Kava, direct on-chain access to real-time and tamper-resistant data will prove increasingly beneficial to everyone.
KAVA Buy Opportunity Update Sniper Entry 🎯KAVA Buy Opportunity from 18/03/21 Update Sniper Entry In 🎯 Well done if your in already + 12% so far, Will update chart soon with some potential areas to DCA
Analysis from 18/03/21
Excellent buy opportunity for a 30% Gain back to ATH price @ $7.42, our current price target is at the 127.20% Fibonacci level @ $8.67 (53% Gain). The price of KAVA broke down past the 13 EMA to test the 50 SMA , this downward pressure seems to have exhausted now and we expect the Bulls to come back in the market to test the 13 EMA and push past this level signalling a strong continuation pattern back towards the ATH . We saw a similar move on the 15th March where the price broke down the 13 EMA to test the 50 SMA and then bounced back to upside testing and breaking through the 13 EMA gaining 40% from $4.99 to $7.02.
Use the Buy Zone to map out a sniper entry at the 61.80% Fibonacci level. KAVA is a great project with a lot of potential in the mid-long-term as we see waves of new institutional money flooding into the market. We bought in at the 61.80% Fibs @ $5.6 and if we test lower levels we will be looking to accumulate more coins. The bearish scenario is still possible but we do not expect to see the price go lower than the range between the 50%-38.20% Fibonacci level ($5.11 - $4.57), the stochastics are showing an extremely oversold market on the 4H, be patient wait for confirmation before entering.
Key Notes on Kava:
Kava, built on the Cosmos SDK, is quickly gaining momentum as the most trusted DeFi platform for institutional clients around the world. Kava plans to take another major step forward towards that end through an integration with Cosmos’s recently launched Inter-Blockchain Communication Protocol ( IBC ). Kava will then use IBC to make Chainlink’s widely used and secure decentralized data feeds available to blockchains across the wider Cosmos ecosystem.
The use of Chainlink data as part of the broader Kava DeFi ecosystem is not new. Kava first integrated Chainlink back in May of 2020. Onboarding Chainlink Price Reference Data oracles onto the Kava blockchain has provided a valuable service to all users of its DeFi ecosystem. As more financial institutions make their way to Kava, direct on-chain access to real-time and tamper-resistant data will prove increasingly beneficial to everyone.
KAVA Buy Opportunity 53% Gain from Buy Zone 1Excellent buy opportunity for a 30% Gain back to ATH price @ $7.42, our current price target is at the 127.20% Fibonacci level @ $8.67 (53% Gain). The price of KAVA broke down past the 13 EMA to test the 50 SMA, this downward pressure seems to have exhausted now and we expect the Bulls to come back in the market to test the 13 EMA and push past this level signalling a strong continuation pattern back towards the ATH. We saw a similar move on the 15th March where the price broke down the 13 EMA to test the 50 SMA and then bounced back to upside testing and breaking through the 13 EMA gaining 40% from $4.99 to $7.02.
Use the Buy Zone to map out a sniper entry at the 61.80% Fibonacci level. KAVA is a great project with a lot of potential in the mid-long-term as we see waves of new institutional money flooding into the market. We bought in at the 61.80% Fibs @ $5.6 and if we test lower levels we will be looking to accumulate more coins. The bearish scenario is still possible but we do not expect to see the price go lower than the range between the 50%-38.20% Fibonacci level ($5.11 - $4.57), the stochastics are showing an extremely oversold market on the 4H, be patient wait for confirmation before entering.
Key Notes on Kava:
Kava, built on the Cosmos SDK, is quickly gaining momentum as the most trusted DeFi platform for institutional clients around the world. Kava plans to take another major step forward towards that end through an integration with Cosmos’s recently launched Inter-Blockchain Communication Protocol (IBC). Kava will then use IBC to make Chainlink’s widely used and secure decentralized data feeds available to blockchains across the wider Cosmos ecosystem.
The use of Chainlink data as part of the broader Kava DeFi ecosystem is not new. Kava first integrated Chainlink back in May of 2020. Onboarding Chainlink Price Reference Data oracles onto the Kava blockchain has provided a valuable service to all users of its DeFi ecosystem. As more financial institutions make their way to Kava, direct on-chain access to real-time and tamper-resistant data will prove increasingly beneficial to everyone.
KAVA / USD & KAVA / BTC 😉Hello, let's look at KAVA! For me looks promising 😉
Let's start from KAVA / USD! Take a look at daily chart!
We'll see, that symmetrical triangle was broken upward and the price can rise up to 7,90 - 8,90!
For clearer understanding, need to check KAVA/BTC, let's take a look
We can see, that main long down trend was broken and the price rising! That's give us an opportunity for next growth!
Levels for buying and take profits area You can find on both charts!
Hope it will be useful for You😊
Happy trading♥️
Stay tuned buy Rocket Bomb 🚀💣
Potential IH&S forming on KavaKava looks ready to make a run.
Inverse head and shoulder forming on the daily with a breakout target of around $7.
Only resistance is the $5.30 area.
I have been a big fan of kava in recent months.
Bitcoin has to stay on course, no sudden drops for this move to play out.
$KAVAUSD - Wait for a breakout and go longHello everyone!
KAVA is one of the coins for a long-term investments I believe, the team is strong, the product is great and they got an investment from the investors of Chainlink, so...
For the time being, I am thinking of going long above $3.90 where the first target would be $4.31 and the next is $5.22.
Though I believe that the coin will go further towards $8-$9 really soon.
Kava/usd long I need to point out I'm on kraken. I watched the bears buy down Into a huge support. The kind where they stopped, and came back. Couldn't shred It. Like 18 k kava. Right when they were getting close another like 6 accumulated. They pushed hard up as expected. But after securing a lot of ground they baited the bears more, and more. Now they are slowly pushing up. The order book has the next resistance of any Importance at the 4 dollar level. Sorry for the quick analysis but this Is happening fast. They just posted up another buy order of 11 k right on top, and they're baiting them even more Into a mean bear trap. They could easily push through 4 dollars. Given BTC/ETH cooperation. Although I've noticed right now the bulls are In control, and don't care what BTC Is doing. Last point this Is a war of attrition. The buyers are definitely winning this war right now. Not budging Until the aggressive sellers act well aggressively. Not Investment advice. Just point out what I see! Let's get this money trading view fam
The Kava's potentialIntegrations With Huobi and Inherent Composability Expands Kava’s Market Potential
While first-generation DeFi thrived in 2020, the coming twelve months will mainly highlight the potential of cross-chain decentralized finance. With the support of Binance and Huobi Global, Kava has a competitive advantage over other DeFi projects.
KAVA launched on Huobi Global back in November, an important milestone for a project that has been called a hidden jem by the media because it is not listed or included on DeFi pulse. Recent reports reveal that centralized financial institutions have gone further to strengthen their ties by creating potential use cases for HBTC, HUSD, and HT. This partnership looks to integrate Kava's vast DeFi infrastructure to the Huobi ecosystem. Soon, Huobi and Kava users will have the tools necessary to collateralize HBTC to mint USDX. Furthermore, this deal presents HBTC holders the access to an advanced DeFi lending and borrowing service powered by Hard Money Markets.
Notably, Huobi, through its recently launched Huobi DeFi Labs, has been making great strides in the decentralized realm. This initiative focuses on exposing the tens of million of Huobi users to the high yielding and innovative opportunities of the emerging DeFi market. Therefore, Huobi has gone ahead to partner with trusted DeFi projects and incorporate their features in one way or the other. From all indications, it is clear that its partnership with Kava is Huobi’s latest attempt to position itself at the forefront of the ongoing DeFi movement following the trend started by Binance.
Composability Gives Kava an Extra Edge
There are now over 200 projects within the Cosmos ecosystem. Remarkably, Kava was the first DeFi project to leverage the Cosmos SDK framework. Developers are attracted to composable developer environments because their applications benefit from the acceleration and innovation that comes from building on top of infrastructures with shared resources such as an existing user base, data, security and running code.
When Cosmos’ inter blockchain connection technology (IBC) turns on as part of what Cosmos is calling the release of Stargate, the 200 blockchains built with the Cosmos SDK will have composability for the first time ever. In a snap on February 18th, all of these blockchains will connect. In turn, it becomes possible to enable users to lend, borrow, and earn across multiple blockchains native to the Cosmos ecosystem. Thanks to the upcoming launch of IBC - the Inter-Blockchain Communication Protocol - the future looks bright for Kava.
For too long has the blockchain industry consisted of siloed projects that do not communicate or operate outside of their own ecosystem. To date, Ethereum’s restrictive network dominates the DeFi market. Although the importance of composability is evident in Ethereum as DeFi applications often integrate to provide advanced services to users, the siloed architecture of the network restricts inter-blockchain communications. In contrast, IBC will enable not just composability between applications but composability between blockchains It is commonly known that the compose ability on the Ethereum blockchain between applications is what drove the growth of the network. Imagine what compose ability of blockchains will do. Additionally, there is a correlation between the price of ETH tied to bitcoin and DeFi. HBTC is about 20% of WBTC on Ethereum. That’s a major contender. It is expected that a combination of HBTC moving to Kava and compose ability turning on to increase the price.
If this technology is to be taken seriously, inter-chain communication and transfer of value need to be embraced. Many people still feel blockchain will enable the Internet of Money, but that will only happen if the gap between traditional finance and decentralized finance is bridged. Cosmos’ IBC marks an important milestone toward achieving that goal as the trend of centralized financial institutions embracing Decentralized Finance continues, it becomes clear that this is a project pushing the trend of “DeFi meets CeFi” in 2021.
The launch of IBC fulfills a promise made by the Cosmos team three years ago. Therefore, it may spur explosive momentum, especially for ATOM, the ecosystem’s native token. Having an Inter-Blockchain Communication protocol can unlock many new applications, collaborations, and integrations. Since ATOM has already hit an all-time high of $10, it is merely a matter of time until Cosmos-based projects and their native assets record similar momentum.
Some analysts even expect Cosmos to surpass Polkadot in market valuation. Note that Polkadot is valued at $16.5 billion and ATOM at $1.9 billion. As such, the growth potential is mouthwatering. The price of ATOM will likely grow exponentially in the coming weeks, similar to what DOT went through a little while ago.
Now that IBC is finally here, many investors see Cosmos as a derisked project that is taking the next step toward cross-chain development. Traders and speculators actively seek out projects with tremendous potential. Moreover, any asset associated to this blockchain infrastructure is likely to benefit from this momentum as well. Analysts are speculating that Cosmos Tendermint SDK chains, including KAVA, Band Protocol, and Bluzelle, are in the crosshairs for a significant price surge.
For those unaware, Kava brings Chainlink oracles to Cosmos through its partnership. Moreover, DeFi action on the Cosmos blockchain centers around Kava, ensuring mutual growth and value appreciation. As a result of the success of projects like Kava, Band, Injective and Terra, decentralized finance will remain the primary industry driving growth for Cosmos in 2021 and beyond.
Since Kava is built using the Cosmos Tendermint SDK, it is plausible to assume that the price performance of KAVA would trail that of ATOM in the foreseeable future. Kava’s team is more versatile in terms of business development and the integration of its technology with financial institutions further the Kava blockchain can do everything that the cosmos blockchain can do, but it extends the features defined in almost every single category within this ecosystem. Why would developers build their own chain and go full-stack with the cosmos STK when they can easily build uncovers blockchain to deploy there a DeFi apps.
Explaining the KAVA Appeal
Throughout 2020, the cryptocurrency community has shown a growing interest in decentralized finance (DeFi). Most of the DeFi solutions on the market maintain a single-chain approach – they are only supported by the Ethereum network. The growth of DeFi on Ethereum will remain constrained due to the lack of efficiency, speed, and scalability.
In reality, decentralized finance goes well beyond Ethereum-based projects. Dozens of projects are not even tracked by prominent DeFi data aggregators, as they only track Ethereum’s blockchain and smart contracts. Hidden gems such as Kava are not on the radar of these metrics websites because cross chain finance integrations are new iterations of DeFi. Kava’s decision to forgo the “easy route of building on Ethereum” and build its own network instead allows for possibilities that would otherwise remain inaccessible.
Kava is the only platform to use non-Ethereum assets for loans, stablecoins, and other services. It is also the first to recognize the potential of Bitcoin and Binance Coin in this space. Liquidity-wise, non-Ethereum assets represent 85.4% of the entire cryptocurrency market cap, which translates to over $1 trillion in liquidity.
Kava's open network makes it easier for developers to build DeFi applications supporting cross-chain liquidity. As new applications come to market, there will be an influx of attention and fresh capital entering the decentralized finance sector.
To date, Kava has distributed over $15.2 million in rewards to its users, has over 250,000 users on this blockchain, and has surpassed $1 billion in assets under management.
Ongoing Product Development and 2021 Roadmap
The Kava team has rolled out multiple services behind the scenes to cater to DeFi users with cross-chain liquidity.
Its Automated Market Maker service creates an on-chain liquidity pool for Kava users to swap assets. This service broadens the gateway to decentralized financial services and products. More importantly, the HARD Protocol, which is the world's first cross-chain money market and is set to undergo a major upgrade, brings lending, borrowing, and earning to Bitcoin, USDX, and XRP to name a few.
It is worth mentioning that new services, which can further bolster the Kava ecosystem and value of the KAVA token asset, are in the pipeline. One of such is the Kava SAFU fund. Protecting user funds is crucial in an industry where rug pulls, theft, and hacks occur on a regular basis. The decision to provide this extra protection for Kava users by ensuring and underwriting cross-chain network activities is an important step forward.
Additionally, Kava's team is working on a Robo-advisor service and application. In the fintech sector, Robo-advisors are a popular trend, as these tools can offer financial and investment advice to users. In this instance, the advisors will help automate strategies across the different financial services in this ecosystem.
Also, the team is exploring a Kava-Ethereum bridge. Onboarding Ethereum-based applications and services will increase the liquidity and scope of Kava's ecosystem. Additionally, this will enable support for ETh and ERC-20 tokens, including LINK and DAI. Moreover, there will be QoL improvements targeted at network validators..
Kava's 2021 roadmap contains a long list of forthcoming developments. By continually evolving the Kava protocol through the creation of innovative DeFi iterations, Kava looks to unlock more DeFi functionalities, including support for extra stablecoins, wrapped tokens, and creating a bridge to Ethereum.
The big point of focus is the ongoing onboarding of new users exploring decentralized financial applications and services to Kava. The team is aware that millions of people are currently entering the world of DeFi for the first time. Therefore, it is providing Kava's API to allow developers to integrate DeFi services conveniently.
But how does appear KAVA on the financial market?
Wanting to analyze the chart of Kava/Usd we can recognize that Kava launch price was about 0.46 cents of dollar and now the crypto is struggling with 5$ level. But let’s see the chart.
Here we have weekly chart of Kava/Usd. Now the price is testing a resistance, after that followed perfectly the “cup an handle” pattern. When we will have a closure above the absolute maximum, so above 5.1$ level, Kava is ready to fly to the moon.
Conclusion
The current decentralized finance landscape is constrained by the lack of blockchain-agnostic solutions. Currently, DeFi on Ethereum represents $37.35 billion. While that may seem like a lot, all of this liquidity comes from Ethereum itself and the thousands of ERC20 tokens active on its blockchain.
imgur.com
In comparison, the entire crypto market liquidity sits at $1.35 trillion. As such, Ethereum DeFi only taps into 2.7% of all market liquidity. The future market potential warrants the increase of new users looking for cross-chain DeFi solutions. This is why Kava is well-positioned to tap into over $1 trillion in extra liquidity, an opportunity no one should have to pass up on.
Kava’s support for Bitcoin, BNB, and XRP – among other assets – gives it a liquidity pool of over $850 billion. This market potential is 95% bigger than the total value locked in Ethereum DeFi today. This possibility has caught the attention of Binance and Huobi Global, two major exchanges integrating Kava’s products directly. This is a major trend and we are going to see a lot more centralized financial institutions going to DeFi because they have a Kava DeFi solution.
KAVA has ability to go 1000X and may be one of the best DeFi KAVA is in an ascending triangle. Expect explosive UPWARDS move. Why?
- overall trend is UP (good sign)
- price is above both 50MA and 200MA (good sign)
- KAVA is the best DeFI and way undervalued
- KAVA is cheap at four dollars.
If not yet entered, wait for breakout and confirm resistance turned to support. Then off we go!
*sometimes i hit, sometimes miss > please do you own research. Esp into KAVA. Seriously guys. This is the one. > NOT FINANCIAL ADVICE
> Please show me where I am in ERROR. - Thanks!
KAVA USD pair expected to X10 in 2021Another alt looking great on the monthly chart.
Notice that:
- We have a clear parallel channel where we can see strong support and resistance lines.
- 1.2 usd looks like a strong support area, as it was previous resistance.
- If Kava repeats its previous run pattern, we´ll see a X10 move soon.
Remember that Kava labs has strong partnerships in the industry and its platform is based on Cosmos. Plus, we are in a price discovery phase as we have never seen this coin performing in a BTC bull market.