Is the LAYER explosion approaching after this violent collapse? A golden opportunity for smart risk-takers!
💡 Quick technical analysis:🆕👇👇👇✅
✅ Sharp decline followed by stabilization! The price dropped from the peak of $3.43 to $1.69, a loss of nearly -42% in 24 hours, indicating a strong liquidation... But! The price has now started to stabilize, which may open the door for a potential rebound.
✅ RSI in the oversold territory! The indicator is at just 7.71, which is a very rare level, indicating that the price is oversold and we may see an imminent rebound.
✅ MACD shows the beginning of weakness in negative momentum! The convergence of the lower lines indicates a potential upcoming positive crossover.
✅ Huge trading volumes! The latest collapse candles were accompanied by very high volume, indicating a mass exit... which may be followed by a new entry of smart buyers!
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