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:
Got into $HARD a bit – and it will be the same with every shitcoin once they bounce back after a dump. The scenario is always the same.Dump. A month of sluggishness. Hit the buy button on the rise and retest, forget about it for a quarter. Cash out – and be amazed by the… pic.twitter.com/dZWNkJbnbj
— Cryp Tenchant (@CrypTenchant) July 13, 2024
Identify the bottom: Look for coins that have recently experienced a significant price drop.
Wait for consolidation: Allow for a period of price stability, typically lasting about a month.
Enter on the upswing: Buy when the price begins to rise and retest previous levels.
Hold for the medium term: Consider maintaining your position for approximately three months.
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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