After an explosive run that saw surge $LAYER
to $3.43, the token has taken a steep correction, now trading around $1.70, down over 42% in 24 hours. This move comes after intense upward momentum and high trading volumes that attracted both retail and smart money attention.
📉 The chart shows classic parabolic behavior followed by a blow-off top — with RSI falling sharply to 23, indicating that the token is now in oversold territory. Panic selling and profit-taking appear to be driving the correction, but some traders see this as a potential buy-the-dip opportunity.
📊 Key Market Highlights:
24h High: $3.11 | Current: $1.70
24h Volume: 88.9M ($LAYER ) | 191.7M (USDT)
RSI: 23.5 (Oversold zone)
Heavy sell candle on daily timeframe indicates capitulation
While the fundamentals of LAYER remain in focus, traders should proceed with caution, as extreme volatility could continue in the short term. Those eyeing a re-entry may want to wait for signs of stabilization or reversal confirmation.
👉 Final Note: Big moves mean big opportunities — but timing is everything. Watch closely or set alerts as this coin continues to shake the market.
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