InvestingCube is better on Andriod.

Open

Kryll Crypto Price Prediction: What Next After KRL Price Surges by 116%?

Kryll was up by 141 per cent at some point in yesterday’s trading session. However, in the late hours of the trading session, the prices started dropping, which saw the markets close with a 65 per cent gain. Today, the session began with an aggressive move to the downside, which at some point had Kryll losing its value by 6 per cent. 

However, as the session progressed, the prices started to go up and crossed the opening price level. Currently, the Kryll crypto price sits at a 27 per cent price gain. However, at some point during the day, Kryll’s crypto price was as high as 50 per cent for the day. However, as the session progressed, the prices started to come down, losing 14 per cent to trade at the current price of $0.73. 

Kryll Price Prediction

To understand where I expect the prices to trade in the coming session, we have to look at its price history for the past two months. In May, Kryll, like all other cryptocurrencies, was in an aggressive bearish trend that resulted in it losing 30 per cent of its value. 

However, during the second half of the month, the cryptocurrency had already started to recover and there were expectations that the bullish trend would carry on into June. This was not the case, and the price of Kryll dropped by a further 40 per cent in the early days of the month. The prices reached a low of $0.26. 

However, the second half of the month started to show signs of a reversal. These signs were realized in yesterday and today’s trading sessions, where Kryll has risen by 116 per cent during the two days. The strong bullish move has also seen the prices recover from June’s monthly losses and set a new price high of $0.87. 

Although the prices have since dropped and are trading at $0.73, I expect the current strong bullish move to break the price high again. I expect the prices to also trade above the $1 price level in the next few trading sessions. 

My strong bullish trend will, however, be invalidated if the prices trade below today’s opening price of $0.58. At that point, it will be clear the bears have won.

Kryll Daily Chart