KLAY Technical Analysis in a Weekly Timeframe

30 באוג׳

Hello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

KLAY is in a downtrend, hovering near the support trendline. The price is currently facing weekly rejection from the 50 EMA. KLAY must maintain the $0.1105 support trendline; if it fails, a 40% drop toward the lower support at $0.0666 is likely.

The RSI hasn't reached the oversold zone, indicating the possibility of further rejection.

On the bullish side, KLAY must break above the 50 EMA and the resistance trendline to target the $0.3323 resistance—a 110% gain from the current market price (CMP).

Key Levels:

- Primary Support: $0.1105.
- Lower Support: $0.0666.
- Primary Resistance: $0.1908.
- Initial Target: $0.3323.
- Higher Targets: $1.017 & 4.48.

DYOR. NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE