BINANCE:KLAYUSDT is forming a local bullish trend, but globally the coin is lagging behind the cryptocurrency market and is still under bearish trend resistance.
A clearly formed bottom, a local bullish trend and pre-breakout consolidation against bearish trend resistance can play the role of important preconditions for a possible trend change and the market's transition into a bullish phase. In this case, a breakout of the 0.2550 - 0.2600 area may trigger volume growth with subsequent distribution towards the mentioned targets. Klay may start catching up with the market outperformance and capitalization, thus realizing the accumulated potential.
Resistance levels: 0.2541, 0.2568 Support levels: 0.2179
I expect a breakout and price exit beyond the bearish trend with subsequent growth to the above targets
heyy, its got strong fundamentals as well, hasn't done anything in this bull market, but the risky part is the entry point .. cuz it would take a small 3-5% dump for btc to dump klay's price .. what do you think Linda