Kaya rises 70 % per month, but this indicates a withdrawal forward star-news.press/wp

• Kaya recorded the highest gains over the past 24 hours, as the number of transactions reached the highest new level.
• Market activity outside the chain indicates that a possible decrease can be on the horizon.

Within the past 24 hours, Kaya (Kaya) recorded the largest gain with a 16 % transition to the upward trend, which is a monthly increase to 70 %.

The market analysis indicates that although the upward momentum continues, it is supported by activity on the chain, the sale outside the chain threatens this trend. Here is how the situation can play for Kaya.

The activity on the chain turns into ascending

The increase of Kaya’s prices is amid a recent rise in transactions activity, which has paid momentum in the past few days.

The number of unique addresses reached the highest new monthly level after its decrease throughout the previous month.

At the time of writing this report, the number of unique addresses increased to 735,997. This increase in new users looks positive, especially after the previous recession – most likely, these titles are likely to buy from the market.

Ampcrypto has made more details about these addresses. The analysis revealed that many of them were most likely liquid providers in the decentralized financing market (Defi).

Defi merchants pump 3 million dollars+ in Kaya

The flow of liquidity increased to the Defi protocols, with the closed total value (TVL) by 7 %. TVL measures the flow of net liquidity into Blockchain protocols over a certain period.

Until the time of the press, TVL has risen by $ 3.15 million to $ 41 million, indicating that investors have deposited more Kaya.

At the same time, the trading activity increased via Dexes, as the trading volume in KAIA reached the highest monthly level of $ 1.86 million.

This momentum, which accumulates during the past month, paid the total DEX trading volume by 69 %, reaching 16.35 million dollars.

This continuous growth in Defi’s activity indicates two main points: it seems to be part of these active titles with a long -term look of KAIA, and KAIA sees increasing use to facilitate transactions.

However, while the activity on the chain indicates a possible gathering of Kaya, the trends outside the chain tell a different story.

Can KAIA restore $ 0.20, or decline to $ 0.17?

Ampcrypto analyzed the encryption exchange activity-which represents feelings outside the series-to assess whether KAIA can re-test the 0.20 dollar level, which was last seen in January.

Using the HeatMapive Map for filtering, analysts found that although strong support on the chain, KAIA may face a decrease in prices. The heat map determines liquidity groups on the graph – price levels that often act as a magnet during trading.

Currently, these groups are concentrated below the current price, as some reach $ 0.17. If this price magnet is strong enough, there is still a possible decrease.

In the derivative market, the open interest financing rate decreased sharply, to -0.0345 %.

This indicates that derivative traders expect a significant decrease in prices, as most open -profit contracts are placed from the decline.

Looking at this prevailing tremendous feelings, Kaya’s chances of restoring the January 0.20 level or higher remains minimal.