$KLAY is in a downtrend, hovering near the support trendline. The price is currently facing weekly resistance at the 50 EMA. KLAY must maintain the support trendline at $0.1105; if it fails, a 40% drop to the lower support at $0.0666 is likely.
The RSI has not yet reached the oversold territory, indicating the possibility of further declines.
From a bullish perspective, KLAY must break above the 50 EMA and the resistance trendline to target the $0.3323 resistance level – a 110% gain from the current market price (CMP).
