Could KLAY Fly Higher After Hitting ATL Ever?

Aug 23

The Klaytn (KLAY) has gained 32.69% this week, and after a long wait, the asset has responded to buyers. The resulting pattern was a falling wedge pattern of its price action.

At press time, it ranks 95th in terms of market cap amounts to $647.454 Million. Recently, on X, they shared that they have geared for the Kaia mainnet launch on August 29th from the merger of Klaytn and Finschia. This optimism could be one of the many reasons, responsible for witnessed growth in the asset price.

If the optimism continues the price could continue rallying higher. As of writing, the intraday some bears activity was noticed with an intraday dip of 1%, where it tradaed at $0.1705. The spot volume inflow has taken a hit, too, by 36.31%, which could be a probability that KLAY could make a pullback or some consolidation for rally continuation.