$LAYER /USDT: Bullish Momentum with Upside Potential $LAYER /USDT has shown a strong upward movement, gaining 6.44% in the past 24 hours. The price is currently holding above the $1.50 support, reflecting a bullish sentiment.

Technical Analysis:

Immediate Resistance: $1.5085, followed by $1.5360

Immediate Support: $1.4729, with major support at $1.4372

Stochastic RSI: 45.06, suggesting mild bullish momentum

Order Book Sentiment: 61.77% buyers, indicating continued interest from bulls

Potential Scenarios:

A breakout above $1.5085 could lead to a retest of the $1.5360 high.

A pullback may find support around $1.4729 before another upward attempt.

Investment Strategy:

Bullish traders may look to enter on pullbacks near $1.4729 with a stop below $1.4372.

Profit-taking can be considered near $1.5360 if resistance holds.