With Tether (USDT) announcing that it will be active on the Kava (KAVA) network, a sharp rise was observed in KAVA.
KAVA, which rose instantly with the announcement made by Tether, managed to reach $ 0.935. With the rise of BTC, KAVA, one of the fastest recovering altcoins, attracted attention with Tether’s statement. Could KAVA, one of the well-known names of DeFi coins, have started an upward trend?
Kava (KAVA) Graphic Analysis
After wicking to $0.74, KAVA turned its course upwards, breaking the resistance area at $0.849 after BTC reached $29,000 and showed a huge rise. With Tether’s announcement that it will expand on the KAVA network, buy-side transactions in KAVA peaked.
The resistance zones that can be followed for KAVA, which exploded with the news effect, are $0.96 – $1.145 and $1,356, respectively. Permanently exceeding these values can increase volume price trades in KAVA. The levels that can be watched as support are $ 0.849 – 0.758 and $ 0.66, respectively.
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