Klaytn price analysis: Bullish momentum aggravates price flow above $0.449, more upside to follow?

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Today’s Klaytn price analysis shows signs of an uptrend, as the price underwent a significant increase in the last 24-hours. The past week has proved to be highly supportive for the buyers as the price trend line remained upwards, however, previously coin was on a downtrend as the crypto pair was losing value continuously if we analyze the market situation from a general overview, Now a constant uptrend has been on the rise, and a similar trend has been observed even today. This positive situation has brought the KLAY/USD price up to a $0.449 high.

KLAY/USD 1-day price chart: Klay gains 4.90 percent value overnight

The one-day Klaytn price analysis confirms a bullish trend for cryptocurrency, as the KLAY/USD price, is increasing on a regular basis. A considerable degree of increase in coin value is being observed today due to rising bullish activity. If the buyers remain persistent, it can be expected that the price will increase further in the next few weeks. The price has now reached $0.449, gaining more than 4.90 percent value during the last 24 hours, and the moving average (MA) value at $0.408 is below the current price. At the same time, the coin is still at a loss of 5.64 percent if observed over the past week.

KLAYUSD 1 day price chart 2022 05 18
KLAY/USD 1-day price chart. Source: TradingView

The volatility is high, as is suggested by the Bollinger bands. The upper limit of the Indicator is now at the $0.864 mark representing resistance, whereas its lower limit is standing at the $0.256 mark representing support. The Relative Strength Index (RSI) score has increased as well and recovered above the border of the underbought area, as the indicator is trading at index 31.

Klaytn price analysis: Latest developments and further technical indications

The four-hour Klaytn price analysis also suggests an uptrend, as the bulls performed well today. Although the bulls managed to upgrade coin value in the earlier hours of the day and are trying to elevate the price level at press time as well, the bears have also played their part and caused a correction by taking over the market for a period of four hours in between. However, bulls have recovered the losses and are uplifting the price levels again. If we discuss the moving average indicator, then its value is currently $0.427.

klayusd 4 hour price chart 2022 05 18
KLAY/USD 4-hours price chart. Source: TradingView

The volatility is high on an hourly basis as the Bollinger bands average has moved to $0.409 because of the bullish trend. The upper limit of the Bollinger Bands Indicator is now touching the $0.453 mark, and the lower band is present at the $0.366 mark. The RSI curve is trading in the upper half of the neutral region at index 59, and the curve of the indicator is upwards hinting at the buying activity in the market.

Klaytn price analysis conclusion

The one-day and four hours Klaytn price analysis are in support of the buyers, as a consistent increase in KLAY/USD value is being observed. The price has increased to $0.449 in the last few hours. The hourly cryptocurrency price chart also displays that bullish activity is on the rise.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.