Why Is Kava Lend’s HARD Crypto Price Pumping?

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.

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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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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

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