📊 Analysis KAVA/USDT



On the weekly chart, the asset is forming a narrowing triangle 🔻, and the price is moving in a descending channel.

Support — $0.35–0.36 🛡️.

Resistances — $0.41 / $0.46 / $0.51.

The Ichimoku Cloud remains bearish ☁️, indicating a risk of continued decline, however, the triangle compression increases the likelihood of a strong breakout in the coming months ⚡.

🔹 Fundamentals: Kava ⚙️ is a Layer-1 blockchain that combines the power of the Ethereum ( EVM ) ecosystem with the speed and scalability of Cosmos 🚀. This architecture provides developers with the flexibility to create applications that simultaneously utilize ETH liquidity and cross-chain capabilities of Cosmos 🌐.

📌 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-0.37%
ETH3.85%
ATOM0.36%
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GateUser-ffcc3b62vip
· 09-04 14:24
HODL Tight 💪
Reply0
GateUser-ffcc3b62vip
· 09-04 14:24
HODL Tight 💪
Reply0
Dipu_srvip
· 09-04 11:08
eth going to hit 10k
Reply0
Crypto_Wizvip
· 09-04 09:30
Good information! Thanks for sharing 🙏
Reply0
DrAmaniSooJPvip
· 09-04 03:30
amazing sharing, thx ya...
Reply0
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