In this Klaytn (KLAY) price prediction 2024, 2025-2030, we will analyze the price patterns of KLAY by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Klaytn (KLAY) Current Market Status
What is Klaytn (KLAY)
Klaytn (KLAY) is the native cryptocurrency of the Klaytn blockchain. Klaytn is an open-source, EVM-compatible blockchain that launched in 2019. This layer-1 blockchain aims to focus on aiding the creation and development of metaverses.
Klaytn is secured by the Istanbul Byzantine Fault Tolerance (IBFT) consensus as a hybrid alternative to the traditional PoW and PoS models. IBFT offers more scalability to Klaytn. The business-focused blockchain serves as a launchpad for several blockchain apps (BApps).
The Klaytn (KLAY) token is used for the transaction fees. Users deploy KLAY as a payment option for building BApps on Klaytn.
Klaytn 24H Technicals
(Source: TradingView)
Klaytn (KLAY) Price Prediction 2024
Klaytn (KLAY) ranks 74th on CoinMarketCap in terms of its market capitalization. The overview of the Klaytn price prediction for 2024 is explained below with a daily time frame.
KLAY/USDT Rounding Bottom Pattern (Source: TradingView)
In the above chart, Klaytn (KLAY) laid out the rounding bottom pattern. The price movements form a pattern that resembles a bow and hence is also known as the saucer bottom pattern. In general, the rounding bottom pattern indicates a long-term price reversal. This pattern also emphasizes the changes in the market sentiment as the trend seems to shift from bearish to bullish. Investors generally have to stay cautious and time the market well. If the price breaks and moves past the resistance level, it will enter a confirmed bullish trajectory.
At the time of analysis, the price of Klaytn (KLAY) was recorded at $0.2792. If the pattern trend continues, then the price of KLAY might reach the resistance levels of $0.2874, and $0.7604. If the trend reverses, then the price of KLAY may fall to the support of $0.1884, and $0.1095.
Klaytn (KLAY) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Klaytn (KLAY) in 2024.
KLAY/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Klaytn (KLAY) for 2024.
KLAY Resistance & Support Levels
Klaytn (KLAY) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Klaytn (KLAY) are shown in the chart below.
KLAY/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Klaytn (KLAY) market in 2024.
Klaytn (KLAY) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Klaytn (KLAY) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
KLAY/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Klaytn (KLAY).
Comparison of KLAY with BTC, ETH
Let us now compare the price movements of Klaytn (KLAY) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs KLAY Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of KLAY is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of KLAY also increases or decreases respectively.
Klaytn (KLAY) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Klaytn (KLAY) between 2025, 2026, 2027, 2028, 2029 and 2030.
Conclusion
If Klaytn (KLAY) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Klaytn (KLAY) price prediction for 2024 is $0.3381. Comparatively, if unfavorable sentiment is triggered, the bearish Klaytn (KLAY) price prediction for 2024 is $0.1439.
If the market momentum and investors’ sentiment positively elevates, then Klaytn (KLAY) might hit $0.5. Furthermore, with future upgrades and advancements in the Klaytn ecosystem, KLAY might surpass its current all-time high (ATH) of $4.38 and mark its new ATH.
This content was originally published by our partners at The News Crypto.