TL; DR Breakdown Klaytn was in a bearish trend at the begining of the week.A wide Bollinger band marked the opening of the daily price analysis.KLAY/USD is generaly bullish on the daily Klaytn price analysis chart. Klaytn price analysis: General price overview Klaytn was in a bearish trend at the start of the week. However, bulls took control of the market at the end of yesterday’s price analysis chart, sending prices upwards in rising wedge streaks. The upswing in momentum continued into today’s Klaytn price analysis chart. Today’s price analysis features a brief positive trend that lasts only 30 minutes before plummeting drastically. The sellers could not keep track while the market moved in a negative direction, so they assembled in large numbers and created a pool of energy that kept the bearish trend from gaining momentum after it broke support at $1.3. Since then, the market has traded modestly as the number of buyers and sellers has been nearly equal. The 50-day moving average breached the 100-day moving average, revealing a strong bullish signal. The Moving Average indicators tested at $1.2 as a minor resistance before retreating to their former position. Source: Coin360 The overall cryptocurrency market is optimistic, as shown by the heat map. BTC, the most well-known digital currency, has increased by 0.43 percent and is trading at slightly less than $46K, whereas the second-largest digital asset ...
