Klaytn Price Analysis: KLAY preparing to break out against $1.4

TL;DR Breakdown Today’s Klaytn price analysis is bearish KLAY/USD traded in a range of $1.8750 – $1.920 Klaytn Price Analysis: General price overview Today’s Klaytn price analysis is bearish for the next 24 hours after the coin’s price action rejected further upsides earlier today and underwent another plummet to the $1.8500 support. Therefore, we are expecting KLAT/USD to continue correcting today and target the $1.40 support next. The general cryptocurrency market performed bullishly over the last 24 hours. Market leaders Bitcoin and Ethereum lost by 0.98 and 0.81, respectively. Meanwhile, Cardano (ADA) is among the best performers, with a gain of almost 6 percent. Other gainers include Dogecoin, Solana, and Polkadot.  Klaytn price movement in the last 24 hours: KLAYdeclined back to $1.8500 support. KLAY/USD traded in a range of $1.8750 – $1.9200, indicating mild volatility over the last 24 hours. Trading volume has dropped by 6.35 percent and sums $132 million. Meanwhile, the total Klaytn market capitalization trades around $4.2 billion, increasing by 1.65 percent on the 24-hour chart. KLAY/USD 4-hour chart: KLAY set to break below $2,950? On the 4-hour chart, we can see the Klaytn price action advancing towards the $1.90 resistance level in an attempt to retest $2.00. Nonetheless, the bulls are struggling to remain intact at this point, and a plummet could take place anytime.  Source: Tradingview Klaytn’s p...