.Analysis of Currency $LAYER

*Current Price:*

‣ *3.0218 USDT* with a slight decrease of -1.66%

2. *Moving Average MA60:*

‣ Current price is above MA60, indicating a *Bullish Trend*.

3. *Technical Indicators (MACD):*

‣ *Indicator is Positive (MACD > 0)*, showing that the bullish momentum is strong

‣ MACD and Signal Line crossover favors buyers

4. *Trading Volume (Volume):*

‣ There is a *gradual increase in trading volume* alongside the rise, adding credibility to the movement

5. *Price Pattern:*

‣ *Gradual upwards pattern with higher lows*

‣ Indicates that the market is leaning towards buyers (Bullish Momentum)

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✅ *Technical Conclusion:*

- *Current Trend:* Bullish 🔼

- *Current Support Areas:* 2.98 then 2.94

- *Possible Near Resistance:* 3.05 – 3.10

- *Recommendation:*

‣ If you haven't entered yet, wait for a slight correction then enter

‣ If you are in the trade, set a *gradual take profit* while monitoring the trading volume