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•KLAY/USD is currently priced at $1.14 and has decreased 0.26% over the past day
•The technical indicators suggest a continuation of the bullish momentum
•The trading volumes have decreased by 1.72% over the past day
Short Term View: Market sentiment is strong as Kalytn price rises
The Klaytn price today is $1.14 USD with a 24-hour trading volume of $89,057,724 USD. Klaytn is down 0.26% in the last 24 hours. The trading volumes have remained stable over the past day, with only a slight reduction seen in the asset. The Volume to Market Cap Ratio,on the other hand, stands at 0.02834.
As sentiment flips risk-on against expectation, crypto markets are enjoying a period of buoyant activity. Klaytn coin price has been in an uptrend for the past few weeks, which could culminate in the altcoin surpassing the trendline resistance placed at $1.153 and crush the bearish efforts. The support resides at $1.09 at the other end of the spectrum. The bullish momentum is indicated by the altcoin trading above the 20,50 SMA on the four chart chart.
Long Term View for Klaytn
The Relative Strength Index (RSI) for Klaytn has been on an uptrend for the past couple of days and now sits at 48.22. This shows that buyers have been piling into the crypto and pushed the Klaytn Coin Price higher. The green histograms are continually increasing in size on the daily MACD chart, while the gap between the MACD and signal line has increased as well. This bodes well for the future course of the coin.
Conclusion
Looking at the Klaytn Coin price chart, we can see that the altcoin continues to take giant strides and remains in the green during the ongoing session. If buyers can consolidate the control of the session, we could see Klaytn Coin Price even further.
Support: $1.09
Resistance: $1.153-$1.186
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
