$LAYER took a brutal -40% dip, crashing from $3.43 to $1.76 in hours.

But with strong volume and DeFi relevance, it’s not dead yet.

Watch for consolidation near $1.70—this could be a reset before the next move.

If it holds above support and BTC stabilizes, recovery is possible. If it loses $1.70, expect more downside.

Not financial advice. Just watching the charts.