Tether’s ( USDT) Kava ( KAVA) announced that it will be active on its network, a sharp rise was observed in KAVA.
KAVA, which rose instantly with the announcement made by Tether, managed to reach $ 0.935. KAVA, one of the fastest recovering altcoins with the rise of BTC, Tether He attracted attention with his statement. One of the well-known names of DeFi coins KAVACould it have started an uptrend?
Kava (KAVA) Graphic Analysis
After wicking to $0.74, KAVA turned its course upwards, breaking the resistance area at $0.849 after BTC hit $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.
