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Why is the LAYER Crashing? Here's the Real Reason! 🚨 Whale Moves + Token Unlock = Price Drop 📉
LAYER took a hit today, and here’s why: A massive token unlock is coming on May 11 — around 27 million tokens (13% of the total supply) will hit the market. That kind of supply spike often leads to sell-offs.
$LAYER
One big whale saw it coming and started selling and shorting early, triggering the decline. The market was already overbought, so when traders began taking profits, the drop got sharper. Add in the sluggish overall market, and you’ve got the perfect storm for a pullback.
#layer #CryptoComeback #BTCBackto100K
#TradeStories #Lay
$LAYER
One big whale saw it coming and started selling and shorting early, triggering the decline. The market was already overbought, so when traders began taking profits, the drop got sharper. Add in the sluggish overall market, and you’ve got the perfect storm for a pullback.
#layer #CryptoComeback #BTCBackto100K
#TradeStories #Lay
Thanks for sharing this snapshot of $LAYER /USDT trading data. Here's a quick analysis based on the data provided:
Price Overview:
Current Price: $3.1846
24h Change: -1.08%
24h High/Low: $3.4303 / $3.1244
Volume ($LAYER ): 12.36M
Volume (USDT): 40.35M
Technical Indicators:
SAR (Stop and Reverse): 3.1584 — The price is slightly above the SAR, which might indicate a weak uptrend.
RSI (6): 39.69 — Below 50, suggesting slightly bearish momentum, but not yet oversold.
MACD & Moving Averages: Not fully visible, but these would offer more trend confirmation.
Price Action:$LAYER
Trend: Short-term downward move (-1.08% daily), but longer-term (30D/90D/180D) gains are very strong, especially:
30 Days: +119.55% — Strong uptrend over the past month.
7 Days: +20.02% — Bullish momentum is cooling but still positive.
Today: -2.10% — Minor correction.
Support/Resistance Zone (Based on depth chart levels):
Support: Around $3.0746 and below at $2.9469
Resistance: Around $3.3300 and $3.4303
#lay #LADYF #Layer2Coin #LayerZero #Launchpoool
Price Overview:
Current Price: $3.1846
24h Change: -1.08%
24h High/Low: $3.4303 / $3.1244
Volume ($LAYER ): 12.36M
Volume (USDT): 40.35M
Technical Indicators:
SAR (Stop and Reverse): 3.1584 — The price is slightly above the SAR, which might indicate a weak uptrend.
RSI (6): 39.69 — Below 50, suggesting slightly bearish momentum, but not yet oversold.
MACD & Moving Averages: Not fully visible, but these would offer more trend confirmation.
Price Action:$LAYER
Trend: Short-term downward move (-1.08% daily), but longer-term (30D/90D/180D) gains are very strong, especially:
30 Days: +119.55% — Strong uptrend over the past month.
7 Days: +20.02% — Bullish momentum is cooling but still positive.
Today: -2.10% — Minor correction.
Support/Resistance Zone (Based on depth chart levels):
Support: Around $3.0746 and below at $2.9469
Resistance: Around $3.3300 and $3.4303
#lay #LADYF #Layer2Coin #LayerZero #Launchpoool
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