#KLAYUSDT Technical Analysis: Critical Levels and Market Outlook
$KLAY

The token has established a critical support level of around $0.1436, which has been tested several times, suggesting this level is a potential floor for price action. Meanwhile, key resistance levels are identified at $0.2600 and $0.1800. The secondary support level is at $0.1200, providing another significant area for potential support.

The Relative Strength Index (RSI) on the daily chart is nearing oversold territory, which could hint at a possible rebound if buying pressure increases. On the 4-hour chart, the RSI stands at 50.07, indicating a neutral market with no dominant buying or selling pressure. The MACD indicator is currently bearish but with a slight positive divergence, suggesting a possible phase of consolidation or minor price reversal could be on the horizon.

Bullish Scenario: For a bullish scenario to unfold, KLAYUSDT would need to break above the $0.1800 resistance level with strong buying volume. If this occurs, the next target would be the major resistance at $0.2600. A successful breakout above this level could signal the beginning of a new uptrend, potentially pushing prices higher. Indicators like RSI moving out of oversold territory and a bullish crossover in MACD would further support this bullish outlook.

Bearish Scenario: In the bearish scenario, if the price falls below the critical support level of $0.1436 with increasing volume, KLAYUSDT could head toward the secondary support at $0.1200. A break below this level could lead to further declines, confirming the continuation of the current downtrend. Indicators such as a further decline in RSI and a widening bearish MACD histogram would support this bearish outlook.

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