Klaytn death cross debut coincides with a 57% KLAY price pump
Klaytn bulls ignored a deadly moving average crossover after assessing KLAY's upcoming listing on Binance. Bids for Klaytn's native cryptocurrency KLAY spiked on Thursday after the South Korea-based public blockchain project confirmed its listing on Binance, one of the world's top cryptocurrency exchanges by volume.#Binance Will List @klaytn_official $KLAYhttps://t.co/41yyLvHS0I— Binance (@binance) June 24, 2021 The KLAY/USDT exchange rate surged 41.25% to an intraday high of $1.243. The pair's massive move uphill accompanied a dramatic intraday spike in trade volumes — 28.68 million....
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KLAY’s price shows strength as the price holds strong above the key support zone to avoid price retesting lower point on the daily chart. KLAY rejected to trend higher above $0.3 as the price faced a sharp rejection to a region of key Support of $0.2. The price of KLAY continues to hold strong above the 50 Exponential Moving Average (EMA) as the price aims to rally toward $0.4. Klaytn (KLAY) has maintained its strong price trend as it approaches the $0.3 region, where it was previously rejected. With few exceptions, the crypto market has seen little volatility in recent weeks, with....
Klaytn, the open-source metaverse-focused crypto, has boasted impressive gains in the last week. Just seven days back, the crypto was trading at $0.21. It also stumbled quite a bit during the week before picking momentum on Wednesday. Since then, the token has only fluctuated upward, recording an impressive gain of 30.80%. Klaytn recent pump has several catalysts, with the recent overall crypto market uptick being a major factor. The Klaytn team also made several bullish moves during the week, like its block reward cut proposal and token buybacks. Related Reading: On-Chain Data Suggests....
KLAY's market cap is roughly 70% below its all-time high, but the network's TVL and DApp data hint that the service-oriented blockchain might bounce from its lows. Klaytn (KLAY) had a promising start in March 2021, reaching an impressive $11 billion market capitalization following its debut. However, investors have exaggerated their expectations as the token's current total value stands at $3 billion, down roughly 70%.KLAY/USD on Binance. Source: TradingViewAlthough not as well known as the leading smart contract blockchains, Klaytn remains a top-35 token by capitalization rank. Moreover,....
The Bitcoin price has spent the past few days struggling to recover from its sharp breakdown below $100,000, a move that rattled traders and briefly pushed the crypto market into one of its weakest phases in many months. Bitcoin’s price action has hovered in the mid-$90,000 range since the drop, but the past 24 hours have been highlighted by a break below $90,000. In the middle of this bearish volatility, a new technical outlook from Tony “The Bull” Severino suggests that Bitcoin’s next move may be more bullish than the recent weakness implies. A Death Cross Forms During The Bitcoin Price....
Based on historical tendencies, $22,700 could now mark the next "generational bottom" for Bitcoin, new analysis says. Bitcoin (BTC) may fall more than 40% from last week's bottom, new data warns as one analyst confronts what he says is now a bear market.In a series of tweets on May 20, popular trader and analyst Rekt Capital argued that BTC/USD should dive to near $20,000 to conform to historical norms.Death cross BTC price target now $22,700Much debate has surrounded the so-called "death cross" constructions on the Bitcoin chart. These involve the declining 50-period moving average (50MA)....