• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
Klaytn (KLAY)

Klaytn (KLAY) Cracks 30% Gains As Price Breaks Downtrend, Is $0.4 Possible?

jamesobande by jamesobande
3 months ago
in Technical analysis
Reading Time: 3 mins read
Advertisement
  • KLAY’s price shows strength as the price holds strong above the key support zone to avoid price retesting lower point on the daily chart.
  • KLAY rejected to trend higher above $0.3 as the price faced a sharp rejection to a region of key Support of $0.2. 
  • The price of KLAY continues to hold strong above the 50 Exponential Moving Average (EMA) as the price aims to rally toward $0.4.

Klaytn (KLAY) has maintained its strong price trend as it approaches the $0.3 region, where it was previously rejected. With few exceptions, the crypto market has seen little volatility in recent weeks, with many altcoins and major crypto players like Bitcoin (BTC) and Ethereum (ETH) continuing to move in a range. Despite the market’s uncertainty, Klaytn (KLAY) has had a great time rallying, with the price aiming for a possible high of $0.4. (Data from Binance)

Related Reading: Tron Hits Record 117 Million Users, But TRX Price Increase Is Mediocre

Klaytn (KLAY) Price Analysis On The Weekly Chart.

Despite the fact that many altcoins have struggled to trend in a range market, the price of KLAY has been a standout performer, as it has rallied and held strong at key support zones, demonstrating the strength of buyers who are unwilling to give up prices to sellers.

KLAY’s price has recently declined from an all-time high of more than $4 to a region of $0.13 before rallying to a high of $0.3. KLAY’s price faced resistance from $0.3 to break higher.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

After the price of KLAY was rejected at $0.3, it fell to a region of $0.13, where it appeared to have formed strong Support and, most likely, a demand zone for future buy orders. KLAY rallied from $0.13 to a high of $0.2 as the price broke above to rally with greater strength to $0.3, where it met resistance and fell back to $0.2.

The overall structure of KLAY appears to be favorable, with a high probability of price retesting the $0.3 and higher ranges. If KLAY fails to hold above $0.2, we may see a retest of $0.15.

Weekly resistance for the price of KLAY – $0.3.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Weekly Support for the price of KLAY – $0.2-0.15.

Price Analysis Of KLAY On The Daily (1D) Chart

Daily KLAY Price Chart | Source: KLAYUSDT On Tradingview.com

In the daily timeframe, the price of KLAY continues to hold strong and trade above the key Support formed at 50 EMA after breaking out from its descending triangle on the daily timeframe. The price of $0.19 corresponds to the 50 EMA acting as Support for KLAY price. 

A break and close below this region would lead to the price of KLAY retesting a lower region of $0.15, KLAY’s price needs to hold $0.2 to trend higher.

Daily resistance for the KLAY price – $0.25-$0.3.

Daily Support for the KLAY price – $0.15.

Related Reading: Litecoin Registers Over $1 Million In Whale Transactions For 2022 – Good News For LTC?
Featured Image From CoinRepublic, Charts From Tradingview 
Tags: KLAYKLAY PriceKlaytn (KLAY)
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
jamesobande

jamesobande

James is a blockchain writer and technical Analyst with more than five years of experience in the crypto space.

Related Posts

fetch ai fet chatgpt

Fetch.AI (FET) Soars 20% In Under 24 Hours As AI Arms Race Hastens

53 mins ago
Polkadot

Polkadot (DOT) Gains 6% In One Day As Market Sees Correction

1 hour ago
Litecoin

Litecoin (LTC) Tallies Over 12% Increase In Last 7 Seven Days

3 hours ago
DOT Price (Polkadot) Prediction

DOT Price (Polkadot) Prediction: Break Above $6.80 Could Spark Fresh Rally

16 hours ago
Ethereum Price

Ethereum Price Looks Ready For Another Leg Higher Over $1,700

17 hours ago
Bitcoin

Bitcoin Price Just Saw Key Technical Correction, But 100 SMA Is Still Strong

18 hours ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

ApeCoin (APE), Dogecoin (DOGE), and Snowfall Protocol (SNW) – Three Great Coins for NFT Lovers

February 3, 2023

Turn Playtime into Paytime with RankerDAO’s Gaming Crypto Platform

February 3, 2023

Fetch.ai (FET) up 200% in 30 days – Orbeon Protocol (ORBN) Skyrockets by 1400% in Presale

February 3, 2023

Dacxi.com rebrands to Wealth99

February 2, 2023

What Is the Latest in Crypto? Terra Classic Community Approves Crucial Proposal to Resume Terra CLasic (LUNC) Burns, Fetch.Ai (FET) Ranks Among the Top AI Altcoins for Investors In 2023, Snowfall DEX Attracts More Investors to Snowfall Protocol (SNW) with A Week to Official Launch

February 2, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.