Currently trading at $0.376, down 0.42% over the last 24 hours, with a weekly range between $0.375 and $0.399
Technical indicators suggest immediate support at $0.375 and resistance at $0.399
Analysts expect the price to move to the $0.39-$0.41 range by late September, provided that overall market conditions improve
Integration with allows for seamless deposits and withdrawals of KAVA and USDT, enhancing accessibility
Technological developments driving adoption
Kava's unique architecture combines the speed of Cosmos SDK with full compatibility with Ethereum
The latest Kava 11 mainnet upgrade introduced liquid staking technology and improved integration with Tendermint Core
Developers in Cosmos are currently testing the expanded IBC capabilities for connectivity with Ethereum
Strategic partnerships include the listing of the token in and integration of Tether into the USDT infrastructure
Trading strategy considerations
Monitoring a price breakout above $0.40 may be considered confirmation of the bullish trend
The current price around the support level presents a potential opportunity for cumulative buying
Monitoring the progress of IBC expansion and EVM adoption metrics as key driving factors
Expansion of Kava's DeFi tools (Oros and Kava AI) may attract developer activity and yield seekers in the coming months