Hello Crypto community Welcome to this introduction for another high potential crypto project.🚀💰
🔹Rank #48,/ kind : coin \\ Market Cap:$3,209,200,551\\ Fully Diluted Market Cap : $12,464,391,891===> GOOD
Total Supply: 10,782,297,981 /// Circulating Supply:2.78B KLAY ( 25.7 %) ====> RISKY
🔰What is Klaytn?
Klaytn is a public blockchain focused on the metaverse, gamefi, and the creator economy. Officially launched in June 2019, it is the dominant blockchain platform in South Korea and is now undergoing global business expansion from its international base in Singapore.
These business expansion activities are supported by the Klaytn Growth Fund, which aims to grow the ecosystem built on Klaytn. The fund is managed and disbursed by Klaytn Foundation, a Singapore-based non-profit organization established in August 2021.
Coinarketcap-klaytn.foundation
-------------------------------------------------------------------------------------------------------------------
📊Technical
As you can see on the WEEKLY timeframe for KLAY/USDT ,since APRIL 2021 that it recorded its ATH about $4.35, it has been declining ,and compressing in a supposed symmetrical tringle and accumulation phase , thus I think it gathering its power to have a possible jump from here.
Its already trading on the pivot zone , and I don't think it loses this important zone but if it loses that then can fall on the volume gap as its lower support zone an so on . but if it want to rise , at first it should be able to breakout the descending trendline and then likely after a pullback it can attack to higher resistance zone , and in the second attempt if it be able to overcome the resistance zone and and stabilize itself above it , then the price will increase more and can touch the higher targets in this case.
🛑resistance zone: $2.37-$2.5// descending trendlines
🆚Pivot zone:$1.111-$1.3
❇️support zones: $0.706-0.78///$0.44-0.54
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
🔹Rank #48,/ kind : coin \\ Market Cap:$3,209,200,551\\ Fully Diluted Market Cap : $12,464,391,891===> GOOD
Total Supply: 10,782,297,981 /// Circulating Supply:2.78B KLAY ( 25.7 %) ====> RISKY
🔰What is Klaytn?
Klaytn is a public blockchain focused on the metaverse, gamefi, and the creator economy. Officially launched in June 2019, it is the dominant blockchain platform in South Korea and is now undergoing global business expansion from its international base in Singapore.
These business expansion activities are supported by the Klaytn Growth Fund, which aims to grow the ecosystem built on Klaytn. The fund is managed and disbursed by Klaytn Foundation, a Singapore-based non-profit organization established in August 2021.
Coinarketcap-klaytn.foundation
-------------------------------------------------------------------------------------------------------------------
📊Technical
As you can see on the WEEKLY timeframe for KLAY/USDT ,since APRIL 2021 that it recorded its ATH about $4.35, it has been declining ,and compressing in a supposed symmetrical tringle and accumulation phase , thus I think it gathering its power to have a possible jump from here.
Its already trading on the pivot zone , and I don't think it loses this important zone but if it loses that then can fall on the volume gap as its lower support zone an so on . but if it want to rise , at first it should be able to breakout the descending trendline and then likely after a pullback it can attack to higher resistance zone , and in the second attempt if it be able to overcome the resistance zone and and stabilize itself above it , then the price will increase more and can touch the higher targets in this case.
🛑resistance zone: $2.37-$2.5// descending trendlines
🆚Pivot zone:$1.111-$1.3
❇️support zones: $0.706-0.78///$0.44-0.54
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
