KLAY Price Analysis: KLAY/USD attempting to recover and find support at $1.20

TL;DR Breakdown Klay price analysis is bullish todayThe overall cryptocurrency market is trading upwards for the last 24 hours.Klay is strengthening its buyer positions as the bulls try to beat a double bottom at $1.12. KLAY Price Analysis: General price overview Klay’s price is in a very good spot today, as the market recovered from a $0.99 retracement around 6:00 a.m. and established a new high of $1.154 over the 4-hour period. Our forecast foresees a consolidation in the price for the KLAY/USD pair, with potential support at $1.20 and resistance at $1.5. On the other hand, we expect the token to consolidate or retrace down and test $1.80 on the upswing, although retreating downwards is less likely to happen. The chances the price will break below $1.90 are low. Our technical model is bullish for today, although an impulsive move toward the upside looks less likely to happen, given that volumes are still on the decline, signaling a lack of interest in buyers to enter at higher prices. The cryptocurrency market as a whole is gaining ground for the last 24 hours, with Bitcoin, Ethereum, and Dogecoin all posting gains of 3.54%, 7.11,%, and 11% respectively. Dogecoin has been the best performer during this time after posting the record daily gains. Klay price movement in the last 24 hours The overall market for digital coins is acting well. The price of Bitcoin steadied at around $43.65K. Traders almost fell into panic mo...