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Why Is Kava Lend’s HARD Crypto Price Pumping?

Rene Peters

July 13, 2024

Kava Lend’s HARD has surged by more than 70% in the last 24 hours following a break out from a falling wedge pattern. This was also identified by Crypto analyst Whales_Crypto_Trading, who explained that HARD has broken out of a falling wedge pattern on the weekly chart. 

This breakout is often considered a bullish signal, with the analyst projecting a potential 200% rally for HARD in the coming weeks.

Growing Impact and Adoption

Mike Brown (@mikebrownn) another crypto commentator also discussed how HARD protocol is transforming the decentralized finance (DeFi) space. The platform’s ability to enable cross-chain lending and borrowing is seen as a key driver of its growing adoption.

For those looking to take advantage of HARD’s price movement, crypto trader Cryp Tenchant (@CrypTenchant) offers a strategic approach:

1. Identify the bottom: Look for coins that have recently experienced a significant price drop.
2. Wait for consolidation: Allow for a period of price stability, typically lasting about a month.
3. Enter on the upswing: Buy when the price begins to rise and retest previous levels.
4. Hold for the medium term: Consider maintaining your position for approximately three months.
5. Take profits: Sell your holdings and evaluate your gains.

Cryp Tenchant emphasizes the importance of following this sequence and not confusing the order of steps.

Read Also: ORDI and Ronin (RON) Crypto Prices Pumping – Here’s Why

While the price surge of Kava Lend (HARD) is attractive, investors must combine technical breakouts, growing adoption, and strategic trading approaches as they seek to profit from the move.

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