- KLAY crypto asset has illustrated exemplary performance in the previous month by 21.64%.
- The technical oscillators are showing bullish behavior and the RSI is not near the 70 level, marking more territory for a rise.
Klaytn is a blockchain that is designed for business or projects, and it consists of several safer blocks in the chain, that keep its user’s details and data safer and safeguarded with multiple layers which makes it nearly impossible to tamper at all that is designed for business or projects.
Klaytn was developed by a company named GroundX, which is known to be a subsidiary of a considerably gigantic internet company in South Korea named as Kakao. The founder of Klaytn was Jaesun Han. It started its operations in June 2019.
Klaytn has a unique way of making its platform decentralized, which implies that no one has too much power or control over it. It has a group of partners, called the Governance Council, that helps manage the platform and make decisions about it.
Moreover, these partners are from various different countries and industries, and they all are considered well respected and reliable. They even formed a small alliance network that basically makes the platform fast and efficient while keeping it open and fair.
Klaytn has multiple ways and approaches to make its platform scalable, and it can handle and endure a lot of users and services without slowing down.
It accomplishes this by utilizing a hub-and-spoke model process, where the hub is considered as the foremost blockchain and the spokes are the shorter blockchains that could be custom-made for different needs. To use Klaytn, the user needs to connect to it with a special wallet, like MetaMask.
Klay Crypto Price on Daily Chart
The KLAY crypto asset displays bullish soundness and advancing tendency as it upholds above major EMAs.
Similarly, the technical oscillators are highlighting bullish behavior. The RSI is not near the 70 level, indicating that the asset is not seeing much resistance and can expand its progress in gains in the near future.
Moreover, KLAY crypto asset has illustrated exemplary performance in the previous week by 4.39%, month by 21.64%, and three months by 115.90%, characterizing a trustworthy upward movement.
In the meantime, it looks like the KLAY crypto is set for a jumbo rise, as it is in preparation to break the resistance level and rocket to new heights from the current support zone.
At the moment of publishing, the KLAY crypto had declined by 0.71% in the last 24 hours, trading at $0.246666.
Whereas, the KLAY crypto has exemplified a sign of bounce back as the price escalated from a crucial level of about $0.230000 on the charts. The KLAY asset displays bullish features and can accomplish higher growth in the future.
Therefore, if the demand for the KLAY remains significantly higher, the asset price may leap higher from the current level. The next goal for the KLAY price is to reach $0.300000.
On the flip side, if the KLAY crypto price fails to stay above the $0.200000 level, it could decline further.
Summary
KLAY crypto asset has illustrated exemplary performance in the previous week by 4.39%, month by 21.64%, and three months by 115.90%, characterizing a trustworthy upward movement.
Whereas, the KLAY crypto has exemplified a sign of bounce back as the price escalated from a crucial level of about $0.230000 on the charts. The KLAY asset displays bullish features and could achieve higher growth in the future.
Technical Levels
Support Levels: $0.200000
Resistance Levels: $0.300000
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.