Klaytn Price Prediction – Will Price KLAY Hit $3 in 2021?

This Klaytn (KLAY) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our KLAY price analysis and prediction.

Among the cryptocurrencies that are rallying this year, KLAY is perhaps one of the most surprising for some. It is not directly related to Bitcoin, nor is it the most hyped cryptocurrency today. But for those that are aware, KLAY has been around since 2019.

Can KLAY reach $3 in 2021? We will find out shortly. But before we proceed to our KLAY analysis, let us first answer the question “What is KLAY?” in this KLAY prediction 2021 article.

What is Klaytn (KLAY)?

Klaytn launched in June 2019. It is a public blockchain firm offering an accessible user experience and development environment in order to convey the blockchain technology value. Moreover, the platform combines the best features of both private and public blockchains.

More so, Klaytn aims to bring blockchain technology to all types of users, from micro startups to enterprise divisions. In addition, the company’s mission is to ensure decentralization via blockchain present on a global scale. In addition, the project has already secured interest from many highly reputable brands over the world.

Now that we are clear about KLAY do you think KLAY will be beneficial crypto in 2021? Join me and let us see the charts in this KLAY price analysis and KLAY price prediction.

Klaytn (KLAY) Current Market Status

As of the time of writing this KLAY price analysis, KLAY trades at $1.35 with a 24-hour trading volume of $52,179,240. The price of KLAY has decreased by 3.4% in the last 24 hours.

Furthermore, KLAY has a current circulating supply of 2.48B KLAY. Currently, the top cryptocurrency exchanges for KLAY are Binance, OKEx, Bybit, KLAYswap, and Mandala Exchange.

Now, let’s proceed to the next part of this KLAY technical analysis for 2021.

Klaytn (KLAY) Price Analysis 2021

Currently, KLAY holds 51st place on CoinMarketCap. But will the latest upgrades, development, and changes in the KLAY blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this KLAY price prediction article.

Based on the graph above, the chart displays a symmetrical triangle pattern. This pattern shows the period of consolidation that may lead to a price breakdown or breakout. In the foreseeable future, we can say that KLAY has a higher chance of going bullish than bearish.

The Relative Strength Index (RSI) is above 35.40, which means that KLAY is in a neither overbought nor oversold state. With this traders need to stay cautious while trading, turning away from further losses.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of KLAY.

Since the start of 2021, KLAY’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, KLAY has a competitive market this 2021.

Klaytn (KLAY) Price Prediction 2021

The chart below shows that KLAY has performed great over the past few days. Moreover, the KLAY price shows a bullish trend. If this trend continues, KLAY might run along with the bulls, overtaking its $2 resistance level and move higher.

Conversely, if the investors turn towards crypto, the bears might take over and push KLAY from its uptrend position. In simpler terms, the price of KLAY might plummet to almost $1, a bearish signal.

Meanwhile, our long-term KLAY price prediction for 2021 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many past psychological resistances.

Klaytn (KLAY) Price Prediction 2022

If this bullish trend continues, KLAY will reach $5 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $5.5. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $5 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Klaytn (KLAY) Price Prediction 2023

The price of KLAY can move even great heights, however reaching $7 Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency KLAY breaks past psychological resistance level.

Klaytn (KLAY) Price Prediction 2024

As per the latest upgrades, developments, KLAY price prediction, and new project forecasts of the platform. Moreover, this might boost the price of KLAY in the crypto market, and it will be the best investment as the price can spike and reach around $10.

Klaytn (KLAY) Price Prediction 2025

In the next four years, KLAY prices could race up to $15. However, reaching this level could not be so difficult for KLAY as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that KLAY has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

KLAY has a bright future ahead of it in 2021. With the ongoing developments happening within the KLAY ecosystem, as well as in the overall crypto market, we may see KLAY reach new heights.

Bullish KLAY price prediction 2021 is $3. As said above, it may even reach its new ATH if investors have decided that KLAY is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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