KAVA;One Network. Two Chains(KAVA/USDT analysis) ๐๐
Hello Crypto community Welcome to this introduction for another high potential crypto project.๐๐ฐ
๐นRank #80,/ kind : Token \\ Total Supply: 244,689,904/// Circulating Supply:239,721,154.00 KAVA ( 99 %) ====> Greatโ
Market Cap:$503,062,005 \\ Fully Diluted Market Cap : $515,411,259===> Great โ
Total Value Locked (TVL) :$168,458,326 \\\ Market Cap / TVL Ratio: 3 ๐
๐ฐWhat Is Kava (KAVA)?
Kava is a lightning-fast Layer-1 blockchain featuring a developer-optimized co-chain architecture that combines the two most used permissionless ecosystems - Ethereum and Cosmos - into a single, scalable, network.
Coinarketcap-www.kava.io
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๐Technical
As you can see on the WEEKLY timeframe for kava/USDT ,since sep 2021 that it recorded its ATH about $9.21, it has been declining in a downward channel till now,and It's already trading on the pivot zone , also recently revealed some positive divergences ,thus I think more likely want to rise more , so it should at first breakout the Mid-line and then may after a little pullback it can attack to higher resistance zone or VWAP line then might be rejected at the higher Resistance zones , but otherwise if it loses the current pivot zone it may even fall on the lower support zone !
โ๏ธ Good luck with your trading and investing and remember: Trade smartโฆOR JUST DONโT TRADE!
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๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're fan of my analyses please follow me , give a big thumbs ๐ OR drop a comment ๐ฏ
๐นRank #80,/ kind : Token \\ Total Supply: 244,689,904/// Circulating Supply:239,721,154.00 KAVA ( 99 %) ====> Greatโ
Market Cap:$503,062,005 \\ Fully Diluted Market Cap : $515,411,259===> Great โ
Total Value Locked (TVL) :$168,458,326 \\\ Market Cap / TVL Ratio: 3 ๐
๐ฐWhat Is Kava (KAVA)?
Kava is a lightning-fast Layer-1 blockchain featuring a developer-optimized co-chain architecture that combines the two most used permissionless ecosystems - Ethereum and Cosmos - into a single, scalable, network.
Coinarketcap-www.kava.io
-------------------------------------------------------------------------------------------------------------------
๐Technical
As you can see on the WEEKLY timeframe for kava/USDT ,since sep 2021 that it recorded its ATH about $9.21, it has been declining in a downward channel till now,and It's already trading on the pivot zone , also recently revealed some positive divergences ,thus I think more likely want to rise more , so it should at first breakout the Mid-line and then may after a little pullback it can attack to higher resistance zone or VWAP line then might be rejected at the higher Resistance zones , but otherwise if it loses the current pivot zone it may even fall on the lower support zone !
โ๏ธ Good luck with your trading and investing and remember: Trade smartโฆOR JUST DONโT TRADE!
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're fan of my analyses please follow me , give a big thumbs ๐ OR drop a comment ๐ฏ
