Klaytn (KLAY) Price Prediction 2022 – Will KLAY Hit $2 Soon?

In Klaytn (KLAY) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about KLAY to analyze the future movement of the cryptocurrency. 

Klaytn (KLAY) Current Market Status

According to CoinGecko, the price of Klaytn (KLAY) is $0.302430 with a 24-hour trading volume of $45,547,163 at the time of writing. However, KLAY has increased to 0.6% in the last 24 hours. 

Moreover, Klaytn (KLAY) has a circulating supply of 2,984,523,519   KLAY. Currently, KLAY trades in cryptocurrency exchanges such as Binance, FMFW.io, OKX, Bittrex, MEXC, BKEX, LBank, and Bithumb.

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 Instabul 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 as the transaction fees. Users deploy KLAY as a payment option for building BApps on Klaytn.

Klaytn (KLAY) Price Prediction 2022

Klaytn (KLAY) holds the 67th position on CoinGecko right now. KLAY price prediction 2022 is explained below with a daily time frame.

An ascending channel is defined as the price action contained between two parallel upward-sloping lines. This price pattern is distinguished by higher highs and lower lows. An ascending channel is created by drawing a lower trend line that connects the swing lows and an upper channel line that connects the swing highs.

Price does not always remain entirely formed within the parallel lines of an ascending channel, but instead shows areas of support and resistance that traders can use to set stop-loss orders and profit targets. A breakout above an ascending channel may indicate a continuation of the upward trend, whereas a breakdown below an ascending channel may indicate a change in trend.

Currently, Klaytn (KLAY) is at $0.302430. If the pattern continues, the price of KLAY might reach the resistance level of $0.323, and $0.404. If the trend reverses, then the price of KLAY may fall to $0.236, & 0.211.

Klaytn (KLAY) Support and Resistance Levels

The chart below shows the support and resistance levels of Klaytn (KLAY).

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Klaytn (KLAY).

Resistance Level 1	$0.340
Resistance Level 2	$0.484
Resistance Level 3	$0.829
Resistance Level 4	$1.352
Support Level	$0.229

The charts show that KLAY has performed a bullish trend over the past month. If this trend continues, KLAY might run along with the bulls overtaking its resistance level at $1.352.

Accordingly, if the investors turn against the crypto, the price of the KLAY might plummet to almost $0.229, a bearish signal.

Klaytn (KLAY) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Klaytn (KLAY) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of KLAY lies below the cutoff line, indicating weak participants in the current trend.

Moreover, the Moving Average (MA) of Klaytn (KLAY) is shown in the above chart. Notably, the KLAY price lies above 50 MA (short-term), so it is completely in a upward trend. Currently, KLAY is in a bullish state. There is a possibility of a reversal trend of KLAY at any time.

Meanwhile, the relative strength index (RSI) of the KLAY is at a level of 58.61. This means that KLAY is in neither an oversold nor overbought state. However, this gives confidence to the traders to trade without any fear.

Klaytn (KLAY) Price Prediction 2022 — ADX, RVI

Let us now look Average Directional Index (ADX) of Klaytn (KLAY). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Klaytn (KLAY). Currently, KLAY lies in the range of 23.830, indicating a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of Klaytn (KLAY). RVI measures the constant deviation of price changes over a period of time. The RVI of KLAY lies above 50, indicating high volatility. In fact, KLAY’s RSI is at 58.61, thus confirming a potential buy signal.

Comparison of KLAY with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Klaytn (KLAY).

From the above chart, we can interpret ETH, BTC, and KLAY are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and KLAY also increase or decrease respectively.

Klaytn (KLAY) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Klaytn (KLAY) might probably attain $4 by 2023.

Klaytn (KLAY) Price Prediction 2024

With several upgrades in the network, Klaytn (KLAY) might enter a bullish trajectory. If the coin grabs the attention of major investors, KLAY might rally to hit $6 by 2024. 

Klaytn (KLAY) Price Prediction 2025

If Klaytn (KLAY) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, KLAY would rally to hit $8.  

Klaytn (KLAY) Price Prediction 2026

If Klaytn (KLAY) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, KLAY would rally to hit $11.5. 

Klaytn (KLAY) Price Prediction 2027

If Klaytn (KLAY) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, KLAY would rally to hit $13.5. 

Klaytn (KLAY) Price Prediction 2028

If Klaytn (KLAY) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, KLAY would hit $16.

Klaytn (KLAY) Price Prediction 2029

If investors flock in and continue to place their bets on Klaytn (KLAY), it would witness major spikes. KLAY might hit $18 by 2029.

Klaytn (KLAY) Price Prediction 2030

With greater advancements in the Klaytn ecosystem, the crypto community might continue to invest in Klaytn (KLAY) for the next 8 years and drive significant price rallies for the token. Hence, Klaytn (KLAY) might hit $20 by 2030.

Conclusion

With continuous improvements in the Klaytn network, we can say that 2022 is a good year for KLAY. For this reason, the bullish price prediction of Klaytn (KLAY) in 2022 is $1.352. On the other hand, the bearish price prediction of Klaytn (KLAY) for 2022 is $0.229.

Furthermore, with the advancements and upgrades in the Klaytn ecosystem, the performance of Klaytn (KLAY) might hit $2 gaining investors’ attention. It would also rise above its all-time high (ATH) of $4.34 in the near future.

FAQ

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Recommended For You