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- 1 The price of Klaytn is currently trading near $0.1763 with an appreciation of 2.9% in the 24-hour trading volume.
- 2 Klaytn price is up by 3.00% over the last 7 days.
Klaytn price prediction implies that the price is presently attempting to make a recovery. KLAY token is presently making a rally to take a retest from its immediate resistance level. The candlestick patterns suggest that buyers are getting active in the price action. It has a total circulating supply of 3.14 Billion.
Presently the market is moving sideways on the daily chart. According to the technical indicators, bulls are attempting to take command of KLAY price back from the bears. The Klaytn token is taking a retest from its present resistance zone. If the price succeeds in breaching it the KLAY token can see further appreciation in its value.
Klaytn is a service-centric platform for Kakao, It aims to bring a user-friendly blockchain experience to millions of users.
Klaytn Price Prediction: Technical Analysis on Daily Chart
The formation of candlestick patterns in the price action suggests that bulls are making a comeback, though the EMA levels and previous resistance levels present a formidable barrier for buyers. The bulls are stepping into the price action with strength; the KLAY crypto recently breached its 50 EMA resistance.
The volume of Klay’s price has been stagnant for the past few weeks. Recently despite the increasing price of Klayton a slight decline is being observed in the volume levels which suggests that there is a decline in buying activity.
The RSI line is recently made a breakout through the median line. The current RSI value of the Klaytn token is 57.30 points whereas the 14 SMA is providing support to it at around 50.19 points.
Technical Analysis On Daily Chart Of Klaytn/BTC
Where the KLAY/USDT pair has already given a breakout to 50 EMA resistance the KLAY/BTC pair is yet to approach it. The price is presently moving within a channel on the daily chart below major EMA levels near the supply zone.
The RSI line has been moving under the median line for the past few weeks taking constant resistance from it. The value of RSI is 48.16 points.
Conclusion
According to the analysis, Klaytn price prediction suggests that the Bulls are attempting to take command of KLAY price back from the Bears. Investors may prefer to wait as according to the technical indicators the price may soon take a correction from either 100 or 200 EMA on the 1-day chart within the near future.
Technical Levels:
Support – $0.1400
Resistance – $0.2000
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish 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.
