The Klaus price plunged 23% in the last 24 hours to trade at $0.03415 as of 5.15 a.m. EST on trading volume that slumped 23% to $4.92 million.
Despite its daily price drop, Klaus has seen an extremely bullish performance in the last week, with its price skyrocketing by over 550%.
The surge started on October 14, a day after Klaus announced new wallet integrations, first with MetaMask, and then with Trust Wallet.
However, after seeing a rather sharp and prolonged surge over the next few days, its price corrected, despite the fact that positive developments continued, such as a new listing on Poloniex announced only a few hours ago, or a new team-up with AssetDash, which will allow users to track the KLAUS price alongside their other investments.
Given these new developments, Klaus might soon experience another trend change, although this remains to be seen.
Klaus Price Prediction
For the time being, the Klaus price continues to descend. It initially dropped to a support at $0.030, from where it bounced back up, but the resistance at $0.040 rejected it. Since then, the token has been going up and down between these two levels, waiting for either bulls or bears to win the contest of dominance and cause its price to break out.
For the moment, this has not yet happened, although there are some signals that suggest that the bears might be in the lead. The project’s Bollinger bands have narrowed quite a bit over the last few hours. While the price initially climbed to the upper band, looking like it might push it up again, it has since dropped to the middle point between the upper and lower band.
This suggests that the bulls failed to take control of the market and that the bears are growing stronger. Now, the price is showing signs that it might continue to drop further, and possibly push the lower band down, which would be a strong bearish signal.
Similar signals are coming from the project’s Relative Strength Index (RSI) value, which has been fluctuating between the oversold zone and the neutral area on the 30-minute chart over the course of the last 24 hours.
Right now, the RSI is once again descending from the neutral zone toward the oversold one, with its value sitting at 38.87 at the time of writing, and following the downward trend.
This suggests that the traders are selling more than they are buying, but it might also be a signal of an upcoming recovery. The RSI could descend down to the value of 30, and from there rise back up if the bulls move in to buy the dip, which is something that often happens after a major drop. In the meantime, it remains to be seen whether the support at $0.030 will manage to hold, or if Klaus might continue its drop further.
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