Klaus (KLS) Price Prediction 2022-2025: Will KLS Recover After Recent Drop?

Despite its daily price drop, Klaus has seen an extremely bullish performance in the last week, with its price skyrocketing by over 550%.

Despite the daily price decrease, Klaus (CRYPTO: KLAY) has seen an impressive price surge of over 550% in the last week.

The recent bullish performance follows announcements of new wallet integrations, starting with MetaMask and then Trust Wallet.

Given the latest developments, Klaus could be setting up for another trend change, although this remains to be seen.

Klaus Price Analysis

At the time of writing, the Klaus price is still showing signs of going down. It initially dropped to a support at $0.030, where it bounced back up, but the resistance at $0.040 rejected it.

Since then, the token has been moving up and down between these two levels, waiting for either bulls or bears to win the contest of dominance and cause its price to break out.

For now, this has not yet happened, although there are some signals that suggest the bears might be in the lead.

The Bollinger bands on the project’s 30-minute price chart have narrowed down quite a bit over the last few hours. While the price did initially climb to the upper band, looking like it might push it up again, it has since dropped to the middle point between the upper and lower band.

This suggests that the bulls failed to take control of the market and that the bears are growing stronger. Now, the price is showing signs that it might continue to drop further, and possibly push the lower band down, which would be a strong bearish signal.

Similar signals are coming from the project’s Relative Strength Index (RSI) value, which has been fluctuating between the oversold zone and the neutral area on the 30-minute chart over the course of the last 24 hours.

Right now, the RSI is once again descending from the neutral zone toward the oversold one, with its value sitting at 38.87 at the time of writing, and following the downward trend.

This suggests that the traders are selling more than they are buying, but it might also be a signal of an upcoming recovery. The RSI could descend down to the value of 30, and from there rise back up if the bulls move in to buy the dip, which is something that often happens after a major drop.

In the meantime, it remains to be seen whether the support at $0.030 will manage to hold, or if Klaus might continue its drop further.

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