๐Ÿ“Š Analysis KAVA/USDT


On the weekly chart, the asset is forming a narrowing triangle ๐Ÿ”ป, and the price is moving in a descending channel.
Support โ€” $0.35โ€“0.36 ๐Ÿ›ก๏ธ.
Resistances โ€” $0.41 / $0.46 / $0.51.
The Ichimoku Cloud remains bearish โ˜๏ธ, indicating a risk of continued decline, however, the triangle compression increases the likelihood of a strong breakout in the coming months โšก.
๐Ÿ”น Fundamentals: Kava โš™๏ธ is a Layer-1 blockchain that combines the power of the Ethereum ( EVM ) ecosystem with the speed and scalability of Cosmos ๐Ÿš€. This architecture provides developers with the flexibility to create applications that simultaneously utilize ETH liquidity and cross-chain capabilities of Cosmos ๐ŸŒ.
๐Ÿ“Œ In the long term, Kava has potential due to its unique combination of EVM + Cosmos, but in the short term, the market is waiting for confirmation of a breakout from the triangle.
KAVA-0.84%
IN0.46%
CLOUD19.77%
POWER3.04%
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Zuhoor804562e3vip
ยท 09-04 09:36
Hi
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