Will KLAY Price Fly to $0.3000?

Klaytn price prediction 2024 turned bullish and suggests a rally in KLAY crypto has just begun. The crypto price surged 20% (approx.) in the last two trading sessions and breakout of the $0.1600 hurdle. It triggered the positive sentiment and prices gained the bullish momentum.

Meanwhile, KLAY crypto also witnessed a massive spike in buying volume and prices displayed a giant bullish candle. It indicates some crypto whales might have turned bullish and injected the money at lower levels.

Klaytn’s price sustained above the 50-day EMA and succeeded in breaking the 200-day EMA indicating the trend has reversed upward. However, the prices look mildly overstretched so it may consolidate for some more time in a narrow range before rising upward.

At present, KLAY price is attempting to break out of the 6 months high at $0.1940. But sellers are also active and trying their best to defend the supply zone.

Currently, KLAY price is trading at $0.1767 with an intraday rise of 5.94%. The 24-hour volume to market cap is 13.96%. The pair of KLAY/BTC is trading at 0.00000471 with an intraday rise of 4.90%.

Will Klaytn Price Sustain the Recent Gains?

Klaytn price prediction favors the bulls and suggests more upside rally is pending. The buyers look more active and aggressive as compared to the sellers. So, minor retracement toward the EMA will be easily absorbed by the buyers.

The recent upmove in the KLAY price looks reliable because it is supported by a high buying volume. Therefore, prices are likely to hold the gains and more upward momentum is possible.

Till the KLAY crypto price trades above $0.1400, the bulls will remain active and the possibility of a $0.1940 breakout will increase.

KLAY Price Rose For Eight Consecutive Weeks

KLAY price rose for eight consecutive weeks and turned bullish on a weekly chart. In the coming session, if buyers succeed give the follow-up momentum. Then it may attract more investors and prices will begin the journey to reach the $0.3000 level.

Technical indicators like the MACD curve generated a sharp positive crossover. At present, the curve is sloping upward and the histogram bar is rising indicating that bullish momentum is likely to continue.

Whereas, the RSI at 83 denotes highly overbought so prices may also show a minor profit booking.

Conclusion

Klaytn price prediction for 2024 turned bullish and suggests a rally has just begun. The recent up move in the KLAY prices looks reliable so buyers will try their best to hold the gains.

The analysis suggests that KLAY crypto price is in bulls’ grip and it may fly to $0.3000 by mid-2024.

Technical levels

Resistance levels: $0.2000 and $0.2200
Support levels: $0.1600 and $0.1400

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.