In this Klaytn technical analysis, we will examine the current price action, trading volume, key levels and indicators for KLAY-BTC. Klaytn is an open-source blockchain project that aims to provide high performance and scalability for decentralized applications. Its native cryptocurrency, KLAY, is used as a payment method for transaction fees and computational services within the platform. With its unique architecture and innovative consensus algorithm, Klaytn has gained significant attention from developers and investors alike.
Klaytn Price Overview:
As of May 13, 2024, Klaytn is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for KLAY-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 97,472.50 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Klaytn reached a daily high of around 0.0 BTC.
- Low (L): The daily low for KLAY-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Klaytn is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.74% |
| 3D Change (%) | -3.96% |
| 7D Change (%) | -5.99% |
| 30D Change (%) | -1.48% |
| 90D Change (%) | -41.70% |
| YTD Change (%) | -50.56% |
Over the past three days, KLAYBTC has fallen by approximately -3.96%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -5.99%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with KLAYBTC maintaining a downward trend of approximately -1.48%, despite intermittent fluctuations. Examining the last 90 days, KLAYBTC has witnessed substantial decline of approximately -41.70%, reflecting strong long-term confidence. Year-to-date, KLAYBTC has steadily dropped by around -50.56%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Klaytn Live Chart:
You can access a live price chart for KLAY-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.2757.
- Momentum score is -0.14423.
KLAY BTC Technical Analysis
Klaytn Trading Volume:
The trading volume for Klaytn (KLAY) over the past 24 hours has been insignificant, with approximately 97,472.50 BTC traded against KLAY. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): KLAY is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Klaytn is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for KLAY-BTC is currently in the low zone, around 34.87832. This suggests that Klaytn is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Klaytn (KLAY-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Acknowledge bearish outlook for Klaytn (KLAYBTC) at 2.67e-06 BTC with technical analysis, emphasizing weakened support and cautionary indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.