$LAYER MASSIVE DROP From $3.43 to $2.10 in a flash❗What happened❓$LAYER has just been hit by strong selling pressure, plunging from a recent high of $3.43 to a brutal low of $1.95, before slightly recovering to $2.10, marking a daily drop of -34.27%.

1. Exhaustion of the vertical rise

The price increased too quickly, too soon — and when the momentum dried up, late buyers found themselves trapped at the top, leading to a panic exit.

2. Break below key support

Once $2.85 and $2.50 were lost, it triggered cascading stop losses. There was not a strong enough demand wall to catch the fall to $1.95.

3. Pressure from the order book

The current dominance on the sell side is overwhelming: 83.08% selling versus only 16.92% buying — clearly signaling fear and weak hands pulling out.

4. Volume spike without buyer absorption

Even with 41.36M in volume, the lack of absorbing buy orders accelerated the drop.

Next step?

• Support zone: $1.90 – $2.05 (watch for potential accumulation here)

• Resistance: $2.50 – any new test could be sold unless the volume changes

Short-term outlook:

Momentum is broken — only a strong volume recovery above $2.50 could indicate a reversal. For now, it’s a dangerous area for new longs without confirmation.

buy and trade here $LAYER