Analytics

KAVA and Hard Protocol Technical Analysis: Will Bulls Maintain the Uptrend?

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    KAVA and Hard Protocol prices are wavy though in an uptrend. KAVA prices might find support at $7.5 to print new all-time highs in the upcoming sessions.

    KAVA

    The cross-chain DeFi protocol allows lending and borrowing of supported cryptocurrencies using KAVA as the native currency.

    Past Performance of KAVA

    As per the KAVA technical analysis in the daily chart, the price is range-bound above $7.5.

    Notably, the rejection of lower lows in the past few trading days cement KAVA crypto buyers’ position, explaining general confidence amongst traders.

    At the time of writing, the KAVA coin is relatively stable versus the greenback on the last trading day.

    Day-Ahead and What to Expect

    Overall, KAVA crypto bulls are in control.

    However, this is provided traders sustain prices above the middle BB and $7.5 in affirmation of the early August bullish breakout pattern.

    Risk-averse traders could wait for a conclusive, clean close above August 2021 highs of $9.2 before committing.

    KAVA Technical Analysis

    Technically, KAVA buyers are firmly in control.

    Accordingly, there might be an opportunity for traders to ramp up on dips.

    However, this would be valid above $7.5 and the middle BB in the short term.

    A clean, high volume close above $9.2 opens up the coin to $11—the 1.618 Fibonacci extension level of the H1 2021 trade range.

    HARD Protocol

    The cross-chain money market, Hard Protocol, on the Kava platform uses HARD for governance.

    Past Performance of HARD

    The HARD token is under pressure, dipping following losses of late August. Even so, the HARD technical analysis suggests buyers in the medium term, adding three percent on the last trading day versus the USD.

    Noticeably, the HARD coin is still trending above the middle BB, a net positive for optimistic buyers.

    Day-Ahead and What to Expect

    HARD buyers stand a chance only if the middle BB—a flexible support level, continues to trigger demand for buyers. Profound losses below $1 and the third week of August could see the coin tank, in subsequent see the coin tank towards $0.90 or worse in the medium term.

    On the flip side, there could be hope for buyers if the HARD token snaps above $1.2 in continuation of the August upswing.

    HARD Technical Analysis

    Overall, the uptrend is firm, but HARD crypto bulls are exhausted. Prices are dangling at the middle BB and could plunge in subsequent sessions.

    Accordingly, it is critical how HARD token prices react at the middle BB and $1 in the short term.

    Risk-on HARD coin traders can wait for a close above $1.2 before loading on retracements, targeting $2.6.

       
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