Crash Summary:

$LAYER has seen a sudden price drop after a big rally that took it up 5x since February. Many expected this correction, as the earlier pump was likely driven by low supply and market makers.

So far, the Solayer team hasn’t released any statement about the drop.

Key Technical Levels:

- Main Support Zone: $2.00 — a key psychological and liquidity level.

- If price holds here, we might see a bounce up to $2.45–$2.60.$LAYER

But watch out — price may dip briefly to grab liquidity before any real recovery.

If $2 Breaks: The next strong support is around $1.40–$1.50.

Funding Rates on Binance:

-Shorts are paying a -16% funding rate — extremely high.

- This may force short traders to close, which could push the price up.

$LAYER

Still, going long here is risky. Timing is everything.

What to Watch:

- Hold above $2.00? A short-term bounce is possible.

- Drop below $1.95? Price could fall toward $1.40–$1.50.

Reminder:

This is a high-risk situation — the market is volatile and hard to predict. Use tight risk management and stay alert.

Too Long; Didn't Read???

- $2.00 is the key level to watch.

- Bounce target: $2.45–$2.60.

- Break below $1.95 could lead to $1.40–$1.50.

Trade safe!