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- 1 Klay price prediction showcases the fall of KLAY crypto to the lowest and analysts believe KLAY to return soon.
- 2 KLAY crypto is trading below the 20, 50, 100, and 200-day daily moving averages.
- 3 Klay cryptocurrency has declined around 18.46% year to date.
Klay price prediction showcases that KLAY crypto may bounce back from the lower level to recover with a strong upside trend. Meanwhile, buyers are trying to gather at a higher rate to push KLAY crypto upwards. However, KLAY crypto has been slipping since July 2023 and slipped from the $0.1855 level and slipped till the current level. However, now KLAY is preparing for its recovery over the charts.
Klay price was at $0.1237 and gained 0.16% of its market capitalization during the day’s trading session. However, trading volume decreased by 26.26% intraday. This demonstrates strong seller presence. The Volume to market cap ratio was at 1.95%.
Will Klay Price Bounceback Now?
Klay price chart showcases the struggle of KLAY crypto at the lower level as it is trying to gain uptrend momentum over the daily time frame chart. However, volume change is below average and needs to grow during the intraday trading session. Meanwhile, KLAY crypto is trading below the 20, 50, 100, and 200-day daily moving averages.
Klay cryptocurrency has declined significantly in recent trading sessions. Over the past week, Klay price dropped by approximately 7.41%, and in the last month, it slipped by 21.06%. Furthermore, KLAY price has experienced a decrease of around 16.70% over the past three months and 47.34% over the past six months. Additionally, the year-to-date performance of KLAY crypto shows a decline of about 18.46%, indicating its ongoing challenges in 2023.
Technical indicators suggest a positive direction for Klay cryptocurrency. Both the relative strength index and the moving average convergence divergence confirm its current upward trend.
The RSI, previously at 26 in the oversold range, is showing signs of a potential rebound. Furthermore, the MACD line is approaching the signal line, indicating a potential positive crossover. Investors in Klay crypto should remain patient and keep a close eye on its performance, especially in maintaining support at the crucial resistance level.
Summary
Klay price prediction showcases that KLAY crypto may bounce back from the lower level to recover with a strong upside trend. However, volume change can be seen below average and needs to grow during the intraday trading session. Additionally, the year-to-date performance of KLAY crypto shows a decline of about 18.46%, indicating its ongoing challenges in 2023. Technical indicators suggest a positive direction for Klay cryptocurrency.
Technical Levels
- Support Levels: $0.1222 and $0.1200
- Resistance Levels: $0.1260 and $0.1315
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 or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
