Kava uses ecosystem zoning features to provide interoperability and support to digital currencies that are on different blockchains, such as Bitcoin and XRP.
Saw a 50% price spike in a week with the latest all -time high (ATH) reaching the $ 8.90 level.
The ‘Kava Swap’ which will be launched on 30th August is awaited by investors.
The next-gen AMM, @Kava_Swap, launches in 7 days on August 30th at 15:00 UTC. 🗓️👀
Learn more: https://t.co/tT2uqVPWJK pic.twitter.com/4NQ2k2U4PW
- Kava Platform (@kava_labs) August 24, 2021
The project has also prompted Kava price movements to record the latest ATH.
Seen as potential in the market for launching several projects consistently that had previously just launched testnet competitions.
Next, examine the current movement chart of the KAVA/USDT price.
The August trading session, Kava has produced a 75% jump consistently.
From a technical point of view, the price movement is seen to remain with the upward momentum and is hovering to return to the $ 8.5 resistance level.
If the price movement remains with the bullish momentum, the resistance level around $ 8.5 will be tested first before making a higher rise.
That level is likely to be decisive for Kava to soar aggressively and record the latest ATH again.
However, if the price of Kava returns to see a bearish trend, the RBS (resistance become support) zone around $ 7.0 will be re -tested to either make a rebound or continue the decline to the lowest level.
At the time of writing, Kava is trading at a price of around $ 7.9 with a trading volume of over $ 244 million in the last 24 hours. Coins are currently ranked 114th in the crypto market.
