Klaytn (KLAY)
Klaytn (KLAY)
Klaytn has emerged as a standout performer among the top gainers capturing the interest of investors. with a nearly 20% rise, Klaytn claimed the third spot among all beating several altcoins.
From a technical standpoint, KLAY price has surpassed the 20 and 50 day Exponential moving average indicating a positive trend in the short term. However, the price still lags 9.2% from the 200 days indicating a bearish trend prevailing in the long term.
Moreover, the bulls are dominating in the short term which if resumed may result in a bullish reversal above the 20o day EMA at $0.18 level. However, if KLAY price loses momentum and slips below $0.14 level, it may invalidate any bullish reversal and the price may drop more.
Klaytn has emerged as a standout performer among the top gainers capturing the interest of investors. with a nearly 20% rise, Klaytn claimed the third spot among all beating several altcoins.
From a technical standpoint, KLAY price has surpassed the 20 and 50 day Exponential moving average indicating a positive trend in the short term. However, the price still lags 9.2% from the 200 days indicating a bearish trend prevailing in the long term.
Moreover, the bulls are dominating in the short term which if resumed may result in a bullish reversal above the 20o day EMA at $0.18 level. However, if KLAY price loses momentum and slips below $0.14 level, it may invalidate any bullish reversal and the price may drop more.
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