LAYER/USDT- May 6, 2025 Analysis LAYER is currently at $1.93 - down -37.5% in the last 24 hours and is under heavy pressure in the market. Technical indicators (4h chart): ·RSI (6): 6.05 - In the oversold zone. Such a low RSI increases the likelihood of a technical breakout in the coming hours. ·MACD: In the sharply negative zone and downwards - the selling momentum is very strong. ·MA(7): $2.72, MA(25): $2.97 - The price is well below both lines, which indicates that the downtrend is still active. ·Lowest point (24h): $1.8501 - this level can act as a short-term technical support.
Short-term scenarios: ·Probability of breakout: RSI is Very Low - correction between $2.10 and $2.46 is possible. ·If the decline continues: If the $1.85 support is broken, the $1.65-$1.50 zone can be tested. Conclusion: The risk is high at the moment, but for experienced traders there may be an opportunity for an oversold breakout. Confirmed reversal signals should be expected. Note: This analysis is a technical assessment only and is not investment advice.
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