#Kava on Binance, will it break out? Currently, on the weekly frame, the price is at a strong support zone shaped like a V (strong support), at this zone the price is accumulating with a larger volume than before, it can be said that there has been some gathering here. Waiting for a breakout above the trendline with large volume, ideally a spike in volume, then it might take off. The price of Kava is quite similar to those altcoins with gathering force like Near..., at this stage BTC is holding firm at 84k, so many alts are experiencing similar accumulation.

Regarding social media, the project recently posted an article that had nearly 80k interactions, which is the article The KAVA AI Trading Challenge on Binance: https://t.co/gmqt2TtPEx

It seems that the project is starting to gear up for a better market picture in Q2.

Mcap 450M, vol 24h 10.3M, quite good liquidity.

Regarding FA, KAVA is the native token of Kava Network, a Layer-1 blockchain that combines the speed and interoperability of Cosmos SDK with development support from Ethereum. Kava focuses on the field of decentralized finance (DeFi), providing services such as collateralized loans, stablecoins (USDX), and cross-chain asset swaps.

Strengths:

-Support from Binance: Investment and support from Binance (through Launchpad and USDT integration) provide high reliability and liquidity.

Weaknesses:

-High competition: Kava must compete with major DeFi platforms like Aave, Compound, and blockchains like Solana, Tron (which have higher TVL).

In conclusion: Potential accumulation zone $0.3-$0.4, SL when the price is below $0.22, TP zone $1.13. To be safer, wait for a strong breakout candle that breaks through the weekly trendline.

Finally, pay attention to CZ lately as he keeps announcing the deletion of a series of coins from Binance to ensure reasonable volume and understand the risks.