Here's a technical analysis-style post for Binance focused on $LAYER
/USDT, including three price targets:
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[Technical Analysis] LAYER/USDT — Bullish Momentum Builds!
Current Price: $3.24 (+12.81%)
Exchange: Binance
Volume (24h): 14.32M LAYER | 43.88M USDT
Market Sentiment:
LAYER is showing strong bullish momentum, with a sharp 12.81% gain in the last 24 hours. DeFi tokens, in general, are seeing renewed interest, contributing to LAYER’s breakout.
Technical Indicators:
24h High: $3.3150
24h Low: $2.8410
MA60: $3.2750 (acting as short-term resistance)
Volume Surge: High 5,897.94 LAYER volume in recent candles signals strong buying interest.
Targets to Watch:
1. Target 1: $3.35 – Minor resistance near the local top. A close above could confirm a breakout.
2. Target 2: $3.60 – Previous swing high. Strong psychological level.
3. Target 3: $4.00 – Major resistance. Break above this could signal a continuation toward a new local high.
Support Zone:
Watch for a retest near $3.00 and $2.85 for potential entry points if price pulls back.
Conclusion:
LAYER is gaining traction among DeFi tokens. If momentum holds, this breakout could extend to higher levels. Keep an eye on volume and closing candles above $3.35 for confirmation.
#Binance #LAYER #Crypto #DeFi #TechnicalAnalysis #Trading
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