Klaytn Gained 44.76% in Last Month and is Predicted to Drop to $ 0.274436 By Mar 04, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Klaytn is up 13.20% today against the US Dollar
• KLAY/BTC increased by 11.29% today
• KLAY/ETH increased by 9.98% today
• Klaytn is currently trading 14.73% above our prediction on Mar 04, 2023
• Klaytn gained 44.76% in the last month and is down -74.20% since 1 year ago

KLAY price is expected to drop by -12.46% in the next 5 days according to our Klaytn price prediction

Klaytn price today is trading at $ 0.314859 after gaining 13.20% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 4.28% in the same time period. KLAY performed well against BTC today and recorded a 11.29% gain against the world’s largest cryptocurrency.

According to our Klaytn price prediction, KLAY is expected to reach a price of $ 0.274436 by Mar 04, 2023. This would represent a -12.46% price decrease for KLAY in the next 5 days.

KLAY Price Prediction Chart

Buy/Sell Klaytn

What has been going on with Klaytn in the last 30 days

Klaytn has been displaying a positive trend recently, as the coin gained 44.76% in the last 30-days. The medium-term trend for Klaytn has been bullish, with KLAY increasing by 80.05% in the last 3 months. The long-term picture for Klaytn has been negative, as KLAY is currently displaying a -74.20% 1-year price change. On this day last year, KLAY was trading at $ 1.22.

Klaytn reached its all-time high price on Apr 02, 2021, when the price of KLAY peaked at $ 4.35. The current KLAY cycle high is $ 0.372556, while the cycle low is at $ 0.120470. KLAY has been displaying high volatility recently – the 1-month volatility of the coin is at 19.76. Klaytn recorded 17 green days in the last 30 days.

Klaytn technical analysis for today - Feb 27, 2023

The sentiment in the Klaytn markets is currently Neutral, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.286444, $ 0.260917 and $ 0.245532, while $ 0.327356, $ 0.342740 and $ 0.368267 are the key resistance levels.

Neutral sentiment for Klaytn

20 indicators are currently signaling a bullish prediction for Klaytn, while 7 indicators are showing a bearish forecast. With 74% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Klaytn.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 50 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Klaytn moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Klaytn is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Klaytn is at 57.18, suggesting that KLAY is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Klaytn over the last 50 days. Currently, Klaytn is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the KLAY closing price for the last 200 days. KLAY is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Klaytn prediction

After considering the above factors, we can conclude that the current forecast for Klaytn price prediction is Neutral. KLAY would have to decrease by -12.46% to hit our $ 0.274436 target within the next five days. Moving forward, it will be important to monitor the KLAY market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Klaytn price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

by coincodex