KAVA and Hard Protocol bulls are throbbing. HARD/USDT buyers are firm above $0.55, and KAVA/USDT would likely close above $5 as prices bottom-up after losses in May and June. KAVA The interoperable DeFi protocol allows users to lend and borrow several coins, including Bitcoin. KAVA is for governance. Past Performance of KAVA Overly, buyers are streaming back after weeks of suppression. Reading from the daily chart, the path of the least resistance is northwards at the time of writing. However, there must be sharp gains marked with wide-ranging bull bars breaking above immediate liquidation lines for buyers to be convincingly in control. The price is now up nine percent versus the USD on the last trading day. Day-Ahead and what to Expect KAVA prices are within a wedge, with risk-on traders looking for a close above $5 to be comfortable. KAVA/USDT prices are in the final section of the wedge. A close below the main resistance trend line would trigger demand, as the buyers target $7.5. KAVA/USDT Technical Analysis Prices are mostly in range—definite trend anchors on a breakout in either direction. A close above $5 will pump KAVA/USDT towards $7.5 in a reversal from June 2021 pits if buyers take charge. It is highly the case since the formation of the double-bar bullish reversal pattern of July 20 and 21. Losses below the main support trend line of the wedge would see the price slide to $2.5. Hard Protocol (HARD) The cross-chain money market on the Kava protocol supports several coins using KAVA for governance. Past Performance of HARD Technically, HARD is bullish despite the sharp unwinding of the June 10 bull bar. At present, HARD bears pushed the token below the bar’s trade range, but within the May 2021 zone. Presently, there are a series of lower lows with a clear support level for a bull flag. HARD is stable, but bullish on the last trading day. Day-Ahead and what to Expect HARD bulls are in control. For instance, prices are inside the late May 2021 and early June 2021 trade range, a bullish development. Following gains of July 21, every low could be a buying opportunity, with the upside accelerated once bulls overcome $0.80 and the middle BB. HARD/USDT Technical Analysis Buyers might load the dips reading from the development in the daily chart. The correction of the undervaluation of July 21 would see HARD gain, closing above the middle BB towards $1.2 and June 10 highs. Losses below $0.55 invalidate the uptrend, forcing HARD lower.
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