Klaytn (KLAY) Price Prediction 2022 – Will KLAY Hit $0.5 Soon?

Klaytn (KLAY) Price Prediction 2022 - Will KLAY Hit $1 Soon?
  • Bullish KLAY price prediction for 2022 is $0.1720 to $0.6336.
  • The KLAY price will also reach $0.5 soon.
  • Bearish KLAY price prediction for 2022 is $0.1215.

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 $0.1578 with a 24-hour trading volume of $17,513,842 at the time of writing. However, KLAY has decreased by nearly 3.2% in the last 24 hours. 

Moreover, Klaytn (KLAY) has a circulating supply of 3,067,099,655 KLAY. Currently, KLAY trades in cryptocurrency exchanges such as Binance, LBank, OKX, MEXC, Coinone and DigiFinex.

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

Klaytn (KLAY) Price Prediction 2022

Klaytn (KLAY) holds the 71st position on CoinGecko right now. KLAY price prediction 2022 is explained below with a daily time frame.

KLAY/USDT Horizontal Channel Pattern (Source: Tradingview)

The above chart of KLAY laid out the Horizontal Channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal, and the prevailing direction of price action is sideways. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. When the price hits the top of the channel, sell your existing long position or take a short position. The difference between the other two is that a horizontal channel is characterized as having equal highs and lows. 

Currently, Klaytn (KLAY) is at the range of $0.1577. If the pattern continues, the price of KLAY might reach the resistance level of $0.1720 and $0.2715. If the trend reverses, then the price of KLAY may fall to $0.1476. 

Klaytn (KLAY) Support and Resistance Levels

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

KLAY/USDT Support and Resistance Level (Source: Tradingview)

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

Resistance Level 1$0.2102
Resistance Level 2$0.3380
Resistance Level 3$0.6336
Support Level$0.1215
KLAY/USDT Support and Resistance Level

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 $0.6336.

Accordingly, if the investors turn against the crypto, the price of the KLAY might plummet to almost $0.1215, 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.

KLAY/USDT RVOL, MA, RSI (Source: Tradingview)

Moreover, the Moving Average (MA) of Klaytn (KLAY) is shown in the above chart. Notably, the KLAY price lies below 50 MA (short-term), so it is completely in a downtrend. Currently, KLAY is in a bearish 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 37.88. This means that KLAY is nearly in an oversold state. However, this means a major price reversal of TRX may occur in the upcoming days. So, traders need to trade carefully. 

Klaytn (KLAY) Price Prediction 2022 — ADX, RVI

Let us now look at the 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.

KLAY/USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Klaytn (KLAY). Currently, KLAY lies in the range of 21.31, indicating a weak trend. 

The above chart also represents 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 below 50, indicating low volatility. In fact, KLAY’s RSI is at 37.88, thus confirming a potential sell signal.

Comparison of KLAY with BTC, ETH

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

BTC Vs ETH Vs KLAY Price Comparison (Source:Tradingview )

From the above chart, we can interpret that the price action of KLAY is dissimilar to BTC and ETH. This indicates that when the price of BTC and ETH increases, the price of KLAY decreases. Also, when the price of BTC and ETH decreases, the price of KLAY increases.

Klaytn (KLAY) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Klaytn (KLAY) might probably attain $1 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 $1.5 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 $3.  

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 $4. 

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 $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 $6.

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 $7 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 $8 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 $0.6336. On the other hand, the bearish price prediction of Klaytn (KLAY) for 2022 is $0.1215.

Furthermore, with the advancements and upgrades in the Klaytn ecosystem, the performance of Klaytn (KLAY) might hit $0.5 gaining investors’ attention. It would also rise above its all-time high (ATH) of $4.34 in the near future.

FAQ

1. What is Klaytn (KLAY)?

Klaytn (KLAY) is the utility token of the Klaytn blockchain that was launched in 2019. Klaytn is an open-source EVM-compatible blockchain meant for the development of metaverses.

2. Where can you purchase Klaytn (KLAY)?

Klaytn (KLAY) has been listed on many crypto exchanges which include Binance, LBank, OKX, MEXC, Coinone and DigiFinex.

3. Will Klaytn (KLAY) reach a new ATH soon?

With the ongoing developments and upgrades within the Klaytn platform, Klaytn (KLAY) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Klaytn (KLAY)?

On March 30, 2021, Klaytn (KLAY) reached its new all-time high (ATH) of $4.34.

5. Is Klaytn (KLAY) a good investment in 2022?

Klaytn (KLAY) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Klaytn in the past few months, KLAY is considered a good investment in 2022.

6. Can Klaytn (KLAY) reach $0.5?

Klaytn (KLAY) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues, Klaytn (KLAY) will hit $0.5 soon.

7. What will be Klaytn (KLAY) price by 2023?

Klaytn (KLAY) price is expected to reach $1 by 2023.

8. What will be Klaytn (KLAY) price by 2024?

Klaytn (KLAY) price is expected to reach $1.5 by 2024.

9. What will be Klaytn (KLAY) price by 2025?

Klaytn (KLAY) price is expected to reach $3 by 2025.

10. What will be Klaytn (KLAY) price by 2026?

Klaytn (KLAY) price is expected to reach $4 by 2026.

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:

A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic reader and writer with passion for sharing crypto news and trends.