🚨 Solayer (LAYER) Market Update – Crash Analysis & Key Levels 🚨
Good morning traders! Here’s an urgent update on the recent price crash of Solayer (LAYER) after the end of the Asian session.
⚠️ Crash Overview:
LAYER has started a sharp decline, which many anticipated due to signs of manipulation during its rally.
The move from late February to today was a 5x pump, mostly driven by limited circulating supply and market makers.
No official reason for the drop yet—there's been no statement from the Solayer team.
🔎 Technical Outlook:
Current Key Support Zone: $2.00 (psychological and liquidity zone)
If $2.00 holds, we could see a bounce to $2.45-$2.60.
Watch for a potential liquidity spike before any real recovery.
Next Major Support if $2 Fails:
$1.40 - $1.50 zone, where heavy liquidity sits.
📊 Funding Rate Alert:
Binance shows -16% funding for shorts (extremely high).
This creates pressure for shorts to close (which could trigger a bounce).
At the same time, going long now is risky but offers attractive funding gains if timed right.
🔔 Levels to Watch:
Hold Above: $2.00 — chance for a relief rally.
Break Below: $1.95 — expect a drop to $1.40-$1.50.
🚩 Important Note:
This is high-risk trading, closer to gambling than standard TA. Be aware of extreme funding fees and unpredictable moves.
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Summary:
Watch $2.00 carefully—this is the line between short-term recovery and deeper crash.
Any bounce likely targets $2.45 - $2.60.
Break below $1.95 opens path to $1.40-$1.50.
Trade carefully. Risk management is everything right now!