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2021-06-11

Hard Protocol (HARD) and KAVA Technical Analysis: What to Expect?

Hard Protocol (HARD) and KAVA Technical Analysis: What to Expect?

KAVA and Hard Protocol prices are firm. Specifically, HARD bulls are firmly in charge, opening up HARD/USDT to $2.6. KAVA/USDT buyers can, in the meantime, target $7.5. Hard Protocol (HARD) HARD is the governance token of the decentralized money market. From here, users can lend and borrow cross-chain assets. Past Performance of HARD HARD is one of the table-toppers of the price action of June 10 guides. Prices soared 92 percent versus the USD, outperforming BTC and ETH. Pumping this surge were above-average trading volumes that rose 33X to $330 million. Day-Ahead and What to Expect HARD buyers are back, in one push unwinding losses of late May 2021. The coin is now trading at around early May 1 levels, stabilizing after June 10 gains. The race above the middle BB at the back of high trading volumes puts buyers at the mantle, in a trend continuation of Q1 2021. HARD/USDT Technical Analysis Because of June 10 gains, the path of the least resistance appears northwards. Accordingly, HARD/USDT technical analysis in the daily chart favors buyers. Therefore, they may load the dips as they target 2021 highs of $2.6. Even if prices contract, provided HARD/USDT range inside the conspicuous bull bar, every low above $0.55 presents a loading opportunity. KAVA KAVA is the coin of last resort in the cross-chain DeFi platform. Users can lend their assets, including XRP and BTC, for a greater yield. Meanwhile, borrowers receive USDX—a stablecoin for an over-collateralized loan. Past Performance of KAVA From the daily chart, KAVA is trading in a bullish breakout pattern above $4 and the middle BB. At spot rates, KAVA’s trading volumes are down. Even so, KAVA prices are stable versus ETH and BTC. Day-Ahead and What to Expect Technical candlestick arrangement, despite the contraction, supports bulls. Notably, KAVA/USDT prices range inside the high volumes June 2 bull bar—a net positive. Additionally, KAVA bulls have the upper end since the bullish breakout pattern is still valid. KAVA/USDT Technical Analysis KAVA’s uptrend is firm, as the candlestick arrangement in the daily chart shows. As such, aggressive traders may find loading opportunities at spot rates. This is valid as long as KAVA/USDT prices are above $3.5—June 2 low. Deep losses below $3 invalidate the uptrend. On the flip side, KAVA bulls can target $7.5 in the medium term. The recovery will be accelerated if there is an influx of bulls, lifting trading volumes.

The post Hard Protocol (HARD) and KAVA Technical Analysis: What to Expect? appeared first on Cryptoknowmics-Crypto News and Media Platform.



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