On the weekly chart, the asset is forming a narrowing triangle 🔻, and the price is moving in a descending channel. Support — $0.35–0.36 🛡️. Resistances — $0.41 / $0.46 / $0.51. The Ichimoku Cloud remains bearish ☁️, indicating a risk of continued decline, however, the triangle compression increases the likelihood of a strong breakout in the coming months ⚡. 🔹 Fundamentals: Kava ⚙️ is a Layer-1 blockchain that combines the power of the Ethereum ( EVM ) ecosystem with the speed and scalability of Cosmos 🚀. This architecture provides developers with the flexibility to create applications that simultaneously utilize ETH liquidity and cross-chain capabilities of Cosmos 🌐. 📌 In the long term, Kava has potential due to its unique combination of EVM + Cosmos, but in the short term, the market is waiting for confirmation of a breakout from the triangle.
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📊 Analysis KAVA/USDT
On the weekly chart, the asset is forming a narrowing triangle 🔻, and the price is moving in a descending channel.
Support — $0.35–0.36 🛡️.
Resistances — $0.41 / $0.46 / $0.51.
The Ichimoku Cloud remains bearish ☁️, indicating a risk of continued decline, however, the triangle compression increases the likelihood of a strong breakout in the coming months ⚡.
🔹 Fundamentals: Kava ⚙️ is a Layer-1 blockchain that combines the power of the Ethereum ( EVM ) ecosystem with the speed and scalability of Cosmos 🚀. This architecture provides developers with the flexibility to create applications that simultaneously utilize ETH liquidity and cross-chain capabilities of Cosmos 🌐.
📌 In the long term, Kava has potential due to its unique combination of EVM + Cosmos, but in the short term, the market is waiting for confirmation of a breakout from the triangle.