TrustSwap (SWAP) and KAVA Technical Analysis: Buyers Eyeing the Prize
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TrustSwap (SWAP)
The Canadian project aims to take smart contracts global by promoting the adoption of customizable transactions in DeFi and across the crypto industry. SWAP is its governance token.
Past Performance of SWAP
At the time of writing, the TrustSwap token is up 10 percent on the last trading day versus the greenback.
Amid this surge is an uptick in trading volumes, a base that could anchor the next wave of higher highs.
Most importantly, SWAP crypto prices are trending higher in a bullish breakout pattern above $0.85.
Day-Ahead and What to Expect
Superior gains of August 20 could see SWAP coin prices end the week strongly.
Accordingly, there will be favorable candlestick formations in the weekly chart, building a case for more highs in the days to come reading from SWAP technical analysis.
At spot rates, TrustSwap token prices could reach $2.2 as prices bottom-up from July 2021 lows.
TrustSwap Technical Analysis
TrustSwap is bullish as per SWAP technical analysis in the daily chart. A mix of high trading volumes and solid higher highs favor buyers.
Aforementioned, their immediate target lies at $2.2, stretching gains after early August close above the middle BB and $0.85.
KAVA
The cross-chain protocol allows the lending and borrowing of, among other coins, BTC and XRP. KAVA is central to operations.
Past Performance of KAVA
After weeks of lower lows inside a descending wedge, KAVA crypto prices are galloping higher with renewed bullish conviction. It is now up three percent against the USD.
Technically, the odds of KAVA coin clearing 2021 highs of around $7.5 are high.
In all, a close above this mark could further lift the coin to new territory in the continuation of solid Q1 2021 gains.
Day-Ahead and What to Expect
KAVA token bulls are in the forefront, reading from KAVA technical analysis in the daily chart.
The upside momentum is strong with higher highs along the upper BB and a positively inclined middle BB—the 20-day moving average.
The immediate liquidation line is at $7.5. A close above this mark opens up KAVA to new 2021 highs.
KAVA Technical Analysis
Ideally, every contraction of KAVA prices offers a loading opportunity for aggressive traders targeting $7.5.
As buyers are firmly in control, losses below $5.5 and the middle BB would slow down bulls, subsequently dashing their hopes.