The Klaytn price has dropped 3% in the last 24 hours to trade at $0.1711 as of 6:30 a.m. EST on a 4% drop in trading volume to $18 million.
Klaytn Price Faces Rejection From The Upper Trendline Of A Channel
The KLAY/USD chart on the 4-hour time frame shows a generally bullish trend, with the current price at $0.1698. KLAY has been moving within a bullish channel, characterized by upward-sloping parallel lines, indicating a consistent pattern of higher highs and higher lows.
KLAYUSD Analysis Source: Dextools.io
The 50 Moving Average (MA) at $0.1648 is currently providing support, with a significant Moving Average cross having occurred earlier, where the 50 MA crossed above the 200 MA, reinforcing the bullish outlook. However, if the price fails to maintain above this support, it could test the 200 MA around $0.1407, a key level for a potential reversal.
The RSI is at 47.63, close to the neutral zone, implying that the market could move in either direction. If the momentum breaks the neutral level, it could push the RSI to the overbought level, indicating intense buying pressure for the Klaytn price.
Meanwhile, the MACD shows some bullish momentum, but the lines are converging, which could indicate a potential momentum weakening if the Klaytn price doesnât continue to rise.
Additionally, the price has recently pulled back after touching the upper boundary of the bullish channel and is now finding support around $0.1648. If this support level holds, thereâs a potential for the price to target the $0.2000 level.
Klaytn Price Prediction: Bullish Continuation Or Potential Downside Risk?
The Klaytn price may sustain its position above the $0.1648 support level. This could lead to the price continuing its upward trajectory within the bullish channel. KLAYâs next target would be around $0.2022, which aligns with the previous highs and the channelâs upper boundary.
Conversely, if the price fails to hold above $0.1648 and dips below this key support level, it could reach the 200 MA near $0.1407. This would represent a significant level for a potential bounce or a further decline if the bearish momentum intensifies.
Pepe Unchained Zooms Past $10 Million â Best 100X Meme Coin To Buy Now?
As traders anticipate a rebound for a possible rally for the Klaytn price, PEPE lovers are also buying into this new upgrade of the meme coin, Pepe Unchained ($PEPU), which has raised over $10 million in early funding.
99Bitcoins, a prominent crypto channel on YouTube, says $PEPU is one of the best cryptos to buy now with 100x potential.
Pepe Unchained aims to emulate the success of its predecessor, PEPE, which has delivered mind-blowing returns to early investors and has become the third-biggest meme coin by market capitalization.
Pepe Unchained frees PEPE from his old, clunky layer-1 server room and runs on its own proprietary Ethereum layer-2 blockchain.
In this way, Pepe Unchained tackles the scalability, speed, and efficiency issues that often plague meme coins built on the Ethereum layer-1 network.
TEN MILLION DOLLARS @pepe_unchained $pepu $pepe $eth $btc $runes pic.twitter.com/o7rxMWSU4y
â relĂąmpago marquinhos (@VanzelotiMarcos) August 22, 2024
Additionally, token holders can earn passively through the platformâs staking system, which offers an annual percentage yield (APY) of 188%.
You can buy $PEPU tokens for $0.0093105 each. You must hurry, however, because the price will increase in a day.
Purchase $PEPU from the official website using ETH, USDT, or a bank card.
Related Articles:
Is It Too Late To Buy BAR? Gold Standard Price Soars 60% And This Might Be The Next Crypto To Explode
Upcoming Crypto Presales: Unlock Early Investment Opportunities!
Ethereum Price Prediction As ETH Celebrates 9th Birthday And This Ethereum Layer 2 Meme Coin Explodes
