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Why Is Kava (KAVA) Rising? #NewsMessenger# News Effect!
With Tether (USDT) announcing that it will be active on the Kava (KAVA) network, a sharp rise was observed in KAVA.
KAVA, which rose instantly with the announcement made by Tether, managed to reach $ 0.935. KAVA, one of the fastest recovering altcoins with the rise of BTC, attracted attention with Tether's statement. Could KAVA, one of the well-known names of DeFi coins, have started an upward trend?
After wicking to $0.74, KAVA turned its course upwards, breaking the resistance area at $0.849 after BTC hit $29,000 and showed a huge rise. Buy-side transactions in KAVA peaked after Tether announced that it will expand its KAVA network.
The resistance zones that can be followed for KAVA, which exploded with the news effect, are $0.96 – $1.145 and $1,356, respectively. Permanently exceeding these values can increase volume price trading in KAVA. The levels that can be watched as support are $ 0.849 - 0.758 and $ 0.66, respectively.
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