Klaytn Cryptocurrency Forecast
Klaytn cryptocurrency price ended at $0.156 on Tuesday, after losing 2.24%.
(Updated on Jul 02, 2024)
The Klaytn cryptocurrency price fell by -2.24% on the last day (Tuesday, 2nd Jul 2024) from $0.160 to $0.156. During the last trading day the cryptocurrency fluctuated 2.27% from a day low at $0.155 to a day high of $0.159. The price has been going up and down for this period, and there has been a -2.18% loss for the last 2 weeks. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -1 million shares and in total, 8 million shares were bought and sold for approximately $1.21 million.
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.145 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -20.13% during the next 3 months and, with a 90% probability hold a price between $0.116 and $0.166 at the end of this 3-month period.
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KLAYUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Klaytn cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.160 and $0.182. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 4.33%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Klaytn cryptocurrency
Klaytn finds support from accumulated volume at $0.156 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0035 between high and low, or 2.27%. For the last week the cryptocurrency has had daily average volatility of 2.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KLAYUSD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Klaytn to open at $0.157, and during the day (based on 14 day Average True Range), to move between $0.148 and $0.165, which gives a possible trading interval of +/-$0.0085 (+/-5.41%) up or down from last closing price. If Klaytn takes out the full calculated possible swing range there will be an estimated 10.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.156 (0.12%) than the resistance at $0.160 (2.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Klaytn cryptocurrency A Buy?
Klaytn holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.
Current score: -1.624 Sell Candidate Unchanged
Predicted Opening Price for Klaytn of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.157 ( 0.318%) | $0.156 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KLAYUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.160 | 2.57% |
| R2 | 0.159 | 1.71% |
| R1 | 0.158 | 1.18% |
| Price | 0.156 | |
| S1 | 0.156 | -0.545% |
| S2 | 0.155 | -1.08% |
| S3 | 0.153 | -1.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.194 | 24.29% |
| R2 | 0.191 | 21.99% |
| R1 | 0.160 | 2.10% |
| Price | 0.156 | |
| S1 | 0.156 | -0.115% |
| S2 | 0.150 | -4.15% |
| S3 | 0 | - |
FAQ
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