$KLAY is currently in a downtrend and oscillating around the support trendline.
The price is facing weekly resistance at the 50 EMA. KLAY must remain above the $0.1105 support line or it could drop to the $0.0666 support level, a drop of about 40%.
The RSI has not yet entered the oversold territory, suggesting that further declines are possible.
On the bullish side, KLAY needs to break above the 50 EMA and the resistance trendline with a target of $0.3323, which is about 110% upside from the current market price.
