$LAYER /USDT 4H Chart Analysis
Current Price: 1.9236 USDT
24H High/Low: 3.1367 / 1.8501
Key Insights:
Sharp drop from 3.1367 to 1.9236, showing strong bearish momentum.
Price trading below the SMA, with high selling volume confirming the downtrend.
Support at 1.8501 holding for now; next level at 1.8000 if it breaks.
Resistance at 2.2000 (SMA) and 3.1367—needs to break these for a reversal.
Outlook: Bearish trend continues. Watch for a break below 1.8501 for more downside or a push above 2.2000 for recovery signs.
Stay cautious! 🙏
