KLAY Technical Analysis in a Weekly Timeframe

8月30日Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

KLAY is in a downtrend, hovering near the support trendline. The price is currently facing weekly rejection from the 50 EMA. KLAY must maintain the $0.1105 support trendline; if it fails, a 40% drop toward the lower support at $0.0666 is likely.

The RSI hasn't reached the oversold zone, indicating the possibility of further rejection.

On the bullish side, KLAY must break above the 50 EMA and the resistance trendline to target the $0.3323 resistance—a 110% gain from the current market price (CMP).

Key Levels:

- Primary Support: $0.1105.
- Lower Support: $0.0666.
- Primary Resistance: $0.1908.
- Initial Target: $0.3323.
- Higher Targets: $1.017 & 4.48.

DYOR. NFA.

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