Kava ($KAVA ) has grown by 2.58% in the last 24 hours, outperforming the overall cryptocurrency market (+4.69%). The growth came after several weeks of consolidation and coincided with technical breakout signals, positive sentiment driven by events, and improved liquidity.
Technical breakout signals – the 'descending wedge' pattern is testing resistance at $0.387
Event-driven momentum – partnership announced with PancakeSwap and a trading competition for $300,000.
Liquidity catalyst – the new Wanchain bridge allows USDT transfers between more than 10 blockchains
Kava's growth in 24 hours reflects the actions of technical traders anticipating a breakout and speculation related to AI integration. However, weak fundamental indicators (decline in TVL, -9.83% yield over 60 days) and high risk of dilution of supply (fully diluted market capitalization equals the current market capitalization) limit growth potential.