Kava Price is one of the best winners for encryption today with more than 11 % pump in a market otherwise. It is now trading about $ 0.56 for the first time since January.
The common “Zavk Charts” encryption analyst on Kava that helps explain the current prices. Looking at the Kava/USDT diagram of the Binance, the formation of the falling wedge has been developed since mid -2011. This style usually indicates a bullish reflection when the price separates up.
Cava Al Saoud Step Signature Signs Main Step Signs
The price of Kava has decreased over the years, as the cryptocurrency has made its highest levels and lower lower in a wedge style. However, the last basic procedure indicates that a possible penetration may form, which may lead to a major escalating step. The upper side line connects the highest levels that occurred from 2021 to 2025.
The upper side line connects the highest high levels from 2021 to 2025. A fracture above this resistance indicates the reflection of the direction. The Cava price has increased from the support line lower several times, indicating a strong purchase benefit at these levels.
The current support sits about $ 0.35 -0.40 dollars, where Cava price Buyers were recently found before the current bounce. If the penetration continues, the first resistance goal sits at $ 0.70 -0.80 dollars, followed by a range of $ 1.50-2.00, when the price was unified in 2022.
The most ambitious goal shown in the analyst’s scheme is about $ 2.44, which represents a potential profit of 433 % of the current levels. This projection uses the action technique for Wedge.
The last weekly candles show their lowest levels, indicating an increase in the bullish momentum behind this price movement. In a tweet, I noticed ZAVK’s plans: “The formation of the Cava wedge in the 1W timeline, is expected to be a huge upward wave as soon as the collapse occurs.”
Also read: Piots of PI Prices for today (21 March)
What is cava?
Kava works as Blockchain Applications ETAREUM Dam and Cosmos Ecological Systems. This design allows users to transfer assets smoothly between different networks.
The platform focuses on decentralized lending. Users can lock cryptocurrencies such as BTC, XRP and BNB as a guarantee for Mint Usdx, which is a dollar stablecoin. These loans work through guaranteed debt positions where borrowers must excessively provide fighters (usually 200 %) to maintain USDX stability. If the side value decreases significantly, the filter occurs automatically.
KAVA’s inter -operating the ability to “Cosmos” areas is operated, allowing them to communicate with ETHEREUM, Bitcoin and other Blockchains effectively.
The KAVA code itself has three main uses in the ecosystem. Pregnant women are allowed to vote on protocol changes, side types and fees through governance. Kava auditors’ interests to secure the network and gain rewards. Finally, borrowers receive Kava incentives based on the type of guarantees and the amount of USDX who have declined.
This mixture of chain functions is likely to contribute across the chain, lending capabilities, and symbolic benefit, to the renewal of the benefit that pays its price today.
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