tcr_thecoinrepublic

KLAY Price Resting Before Any Big Move

OKX:KLAYUSDT   Klaytn/Tether
KLAY price is seeing a bullish momentum on the weekly chart. On coming to the daily time frame the coin is seeing a resistance on the bullish move.In contrast, while going upside the coin can face resistance at $3.5. Meanwhile on the downside a bounceback can be seen from $1.9. It is trading below 50 and above 100 Moving Average. The 50MA (RED) line is at $2.8, making it temporary resistance for the price. On the daily time frame , the coin has formed a parallel channel. If the price makes a jump 10% above the channel, it can rise to $5. One can expect the same gains and momentum from KLAY/BTC pair.

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