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Klaytn Price Analysis: Bulls Returns 43% Gain on KLAY Coin Within 7 Days

  • The KLAY coin price is positive, around 3.1% during intraday.
  • The 24-hour trading volume is at $91 million.
  • KLAY/BTC pair is trading positive by -2.4% at 0.00002733 BTC.

The daily technical chart and price trend of KLAY coin show a bullish trend. Based on the pivot point, the first support zone is 1.25 USD. Another way to watch it is that if it rushes, the resistance level to look at is 1.55 USD. Therefore, the chart created a dragonfly doji candlestick pattern during the day, and the cost is confident that it will remain sideways with unwavering medium strength.

The Exponential Moving Average (EMA) band, consisting of various EMA’s, strongly supports currency price fluctuations. Investors may find that cost breaks over the red ribbon. This guarantees a rise in Klaytn until it is above the ribbon.

Trading volume (1.532 M) is below the 20-day moving average (3.565 M). The volume is moderate, so it is gradually pushing the cost towards the resistance point. Investors may also see the volume bar on the chart increases. This indicates that anomalous instability is common on subsequent trading days.

The MACD indicator gives (bullish) cross over the signal line on september 30, demonstrating a buy signal in the coin. Additionally, Investors can see huge green bars on the Histogram index.

Long-Term Perspective of The Price of KLAY Coin

The weekly technical chart and price trend of KLAY coin show a bullish trend. Based on the Fibonacci retracement levels, the support zone is 1.0 USDT. From another perspective, if it rushes upwards, the resistance level to look for is 2.0 USDT. Moreover, the graph shows the Heiken Ashi candles, representing a substantial upside potential in the asset’s price action.

So, Klaytn is priced at $1.49 today and has a 24-hour trading volume of $91,757,255. KLAY prices have risen 3.1% in the last 24 hours. It has a circulation of 2.5 billion KLAY coins and a total of infinite. The MACD points to a buying signal, and the traders have prompted moderate volume. In fact, the cost is moving towards the resistance levels. Similarly, the general outlook for the market is that the pattern will remain bullish over the following trading days.

Resistance Level: $1.55 & $2.0

Support Level: $1.0 & $1.25

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.