In this Klaytn technical analysis, we will examine the current price action, trading volume, key levels and indicators for KLAY-USDT. Klaytn is a high-performance blockchain platform that enables the development of decentralized applications and enterprise blockchain solutions. With its unique architecture and modular design, Klaytn provides an optimized environment for scalability, security, and interoperability. By leveraging Klaytn’s advanced features and tools, developers can build and deploy a wide range of blockchain-based applications and services.
Klaytn Price Overview:
As of June 15, 2024, Klaytn is trading at approximately 0.1812 USDT. Let’s dive into the detailed price action for KLAY-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.18 |
| High (H) | 0.1813 |
| Low (L) | 0.1782 |
| Close (C) | 0.1812 |
| Volume (C) | 3,717,066.40 |
- Open (O): The opening price for today’s trading session was approximately 0.18 USDT.
- High (H): Klaytn reached a daily high of around 0.1813 USDT.
- Low (L): The daily low for KLAY-USDT was approximately 0.1782 USDT.
- Close (C): At the time of analysis, Klaytn is trading near its daily close of 0.1812 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.67% |
| 3D Change (%) | -5.23% |
| 7D Change (%) | -9.04% |
| 30D Change (%) | 5.17% |
| 90D Change (%) | -32.44% |
| YTD Change (%) | -20.46% |
Over the past three days, KLAYUSDT has declined by approximately -5.23%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -9.04%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with KLAYUSDT maintaining an upward trend of approximately 5.17%, despite intermittent fluctuations. Examining the last 90 days, KLAYUSDT has witnessed substantial decrease of approximately -32.44%, reflecting strong long-term confidence. Year-to-date, KLAYUSDT has steadily depreciated by around -20.46%, 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-USDT 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 0.52625.
- Momentum score is -0.03719.
KLAY USDT Technical Analysis
Klaytn Trading Volume:
The trading volume for Klaytn (KLAY) over the past 24 hours has been insignificant, with approximately 3,717,066.40 USDT 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-USDT is currently in the low zone, around 44.76413. This suggests that Klaytn is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Klaytn (KLAY-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Explore potential downturns for Klaytn (KLAYUSDT) at 1.81e-01 USDT, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.
Explore more with our thorough insights on KLAY BTC Klaytn Technical Analysis — an essential read if you enjoyed the content of this post.
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.