Kava, a cross-chain-based autonomous market maker (AMM) protocol has shown excellent pricing performance recently.
Looking more clearly, Kava has produced an 80% jump in a week.
Interestingly, Kava Swap will launch a testnet contest by giving away $ 130,000 in cash to the winners.
Kava SWAP Testnet is a week away!
Register now to gain early access and a chance to win your piece of the $ SWP $ 130K prize pool.
Learn more: https://t.co/kSlb2M9E8A
Join SWAP on Twitter @Kava_Swap pic.twitter.com/s2bmG1vYv3
- Kava Labs (@kava_labs) July 21, 2021
The testnet competition has attracted many investors to look forward to and participate in the launch of the testnet.
Next, examine the current movement chart of the KAVA/USDT price.
When the Kava analysis article was released last June, Kava was trading at a price of around $ 3.4.
Consistently, Kava has produced over 80% jumps with highs around $ 5.8 in today’s trading session.
From a technical point of view, the Kava price movement is seen to still exhibit consistent price movement and has passed past the Resistance zone around $ 5.4 in the last few hours.
Crypto analysts expect, if the price movement sees a bullish pattern, the Resistance zone around $ 6.2 will be the next focus to be tested first before making a higher rise.
However, if the Kava price returns to see a bearish trend, the RBS (resistance become support) zone around $ 4.4 will be re -tested to either make a rebound or continue the decline to the lowest level ever recorded before.
