Klaytn Price Analysis: KLAY/USD drops to $1.20 after Sunday bearish structure

TL;DR Breakdown Klaytn price analysis is indicating bullish signals on the daily chartKLAY/USD build support below $1.30KLAY saw retracement to $1.35 earlier today Klaytn price analysis is bullish for today as both a higher high and low was set over the last 24 hours. Therefore, as long as the $1.20 support holds, we expect KLAY/USD to increase and move towards further highs. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the red over the last 24 hours as bears took over the market momentum overnight. The market leader, Bitcoin, has declined by 3 percent, while Ethereum remains shed 6 percent. Solana (SOL) is among the worst performers, with a loss of 8.42 percent. Klaytn price movement in the last 24 hours: Klaytn retraces to $1.20 KLAY/USD traded in a range of $1.2978 – $1.3390, indicating strong volatility over the last 24 hours. Trading volume has decreased by 2.32 percent and totals $105 million, while the total market cap stands at $3.64 billion, ranking the coin in 48th place overall. KLAY/USD 4-hour chart: KLAY prepares for another rally? On the 4-hour Klaytn price analysis chart, KLAY/USD  looks to close bullish in preparation for further upside over the next 24 hours. KLAY/USD 4-hour chart. Source: TradingView Klaytn price prediction is bullish today as a slightly higher low was set over the last 24 hours. Overall, KLAY/USD has gained more than 100 percent over the past month after...