KLAYTN provides a public blockchain platform that conveys the value of the technology. It combines both public and private blockchain networks on a single platform. It aims to make decentralization projects available on a global scale. The KLAY technical analysis is as follows: Past Performance In the past seven days, KLAY has traded between $0.9527 and $2.19 and is currently 66.31% down from its all-time high of $4.38. https://ift.tt/3vpJ4GD Day Ahead And Tomorrow In the past 24 hours, KLAY has traded between $1.31 and $1.67 with a total return of 10.4%. Giving a good bullish stick on the daily chart. The volume has increased by 11% in the last 24 hours. The MACD is currently below the positive range giving a bearish outlook on the daily chart. The signal line is about to cross under the MACD line giving a signal that a retest to resistance level can be seen. The Relative Strength Index is close to the oversold zone giving a sign that the selling pressure is high in the market. If the selling pressure continues, then the RSI can go below 40%. KLAY Price Analysis The price is currently trading at $1.409, which is close to its strong resistance that is $1.641 on the daily chart. The breakout from this level will highlight the next resistance level of $1.81. Traders can long the position after this resistance is broken, keeping a stop loss at $1.537. The first support level price can test is $1.245, which is a crucial one. If the price breaks this support level, then traders can short from this level keeping the next target of $0.906 and the stop loss at $1.634.
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