š§©Ā $LAYER /USDT 4H Technical Breakdown
š° Current Price: $0.6109
ā±ļø Timeframe: 4H
š Trend: Still bearish, but trying to wake up.
š Moving Averages:
MA7: $0.6094 ā hugging tight, chop zone.
MA25: $0.6159 ā price flirting here, needs a clean break.
MA99: $0.6615 ā BIG resistance wall ahead š§±
šÆ Targets (If Breakout Happens):
šÆ Target 1: $0.6300 ā small pump zone, local resistance.
š Target 2: $0.6550 ā just under MA99, expect turbulence.
š Target 3: $0.6900 ā clear skies if MA99 flips bullish.
š”ļø Supports:
ā ļø Support 1: $0.6000 ā psychological line in the sand.
š Support 2: $0.5830 ā lowest wick level from recent dip.
š§ Market Mood:
Price action is pinched between MA7 and MA25, forming a mini coil.
Momentumās dead⦠for now.
But if bulls step in, a short squeeze to $0.63+ is possible.
However, until MA99 is reclaimed, itās just relief rallies, not a true reversal.
š® TL;DR:
Neutral-Bearish bias š»
Needs a break above $0.6160 to flip momentum.
Under $0.6000 = bears fully in control.