**#LAYER Token Dips 2.28% – Is This a Buying Opportunity?**
The #LAYER pair is trading at **$3.09**, down **2.28%** today, as the DeFi token tests key support levels. Here’s what you need to know:
### **Key Metrics**
- **24h Range**: **$2.9730 (low)** to **$3.3669 (high)** – volatility in play.
- **Trading Volume**: **$54.39M USDT**, with MA(5) volume hinting at weakening momentum.
- **SAR Indicator**: **$2.9962** is the critical support to watch. A break below could signal more downside.
### **Price Action Breakdown**
- **Support**: Holding above **$2.97** is crucial for bulls.
- **Resistance**: A reclaim of **$3.36** could open the door for a retest of higher levels.
- **Market Sentiment**: The downtrend aligns with broader DeFi sluggishness—trade cautiously.
### **Trader’s Strategy**
- **Short-term**: Watch for bounces near **$2.97** for scalps.
- **Long-term**: Wait for a confirmed breakout above **$3.37** with strong volume before swinging.
Buy and future trade open here
