Klaytn Dropped -22.12% in Last Month and is Predicted to Drop to $ 0.154440 By Jun 11, 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 down -5.15% today against the US Dollar
• KLAY/ETH decreased by -2.02% today
• Klaytn is currently trading 13.09% above our prediction on Jun 11, 2023
• Klaytn dropped -22.12% in the last month and is down -57.02% since 1 year ago

KLAY price is expected to drop by -11.58% in the next 5 days according to our Klaytn price prediction

Klaytn price today is trading at $ 0.174663 after losing -5.15% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.28% in the same time period. KLAY performed poorly against BTC today and recorded a -1.00% loss against the world’s largest cryptocurrency.

According to our Klaytn price prediction, KLAY is expected to reach a price of $ 0.154440 by Jun 11, 2023. This would represent a -11.58% 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 negative trend recently, as the coin lost -22.12% in the last 30-days. The medium-term trend for Klaytn has been bearish, with KLAY dropping by -20.51% in the last 3 months. The long-term picture for Klaytn has been negative, as KLAY is currently displaying a -57.02% 1-year price change. On this day last year, KLAY was trading at $ 0.406382.

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 low volatility recently – the 1-month volatility of the coin is at 7.04. Klaytn recorded 13 green days in the last 30 days.

Klaytn technical analysis for today - Jun 06, 2023

The sentiment in the Klaytn markets is currently Bearish, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 0.167184, $ 0.160731 and $ 0.151147, while $ 0.183221, $ 0.192806 and $ 0.199259 are the key resistance levels.

Bearish sentiment for Klaytn

3 indicators are currently signaling a bullish prediction for Klaytn, while 23 indicators are showing a bearish forecast. With 88% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Klaytn.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 44 (Fear), which signals that investors have a negative 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 34.30, 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 above the SMA 50 trendline, which is a bullish 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 above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Klaytn prediction

After considering the above factors, we can conclude that the current forecast for Klaytn price prediction is Bearish. KLAY would have to decrease by -11.58% to hit our $ 0.154440 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.