#BinanceAlphaPoints

$LAYER is showing strong bullish consolidation above the $2.45 support level, staying firmly in price discovery mode after reaching ATH. No major bearish signs yet, the current decline on 24H is probably attributed to the weekend close that relatively drops the volume alongside.

Currently trading around $2.38 taking it up from $0.978 last month, the rally has been fueled by a $7.6M whale purchase, driving visibility and increasing confidence. 

Although there are many speculations around a probable scam, technicals are also on the bulls' side: a "cup and handle" pattern points to a possible breakout, with targets between $2.10 and $3.61. With rising adoption of Solayer’s fast, scalable platform, $LAYER ’s bullish momentum looks set to continue.