Based on the provided chart for LAYER/USDT on Binance (as of May 07, 2025), here's an expert analysis and a 3-day market outlook:

3-Day Market Outlook

Bearish Scenario: If selling pressure persists, LAYER could test the $1.59 support level within 1-2 days. A break below this could push it toward $1.45, especially if volume remains high. The 7-day performance (-42.55%) supports this bearish continuation risk.Bullish Reversal: A recovery could start if the price holds above $1.81 with increasing volume and closes above $2.17 within 3 days. This would indicate a potential bounce toward $2.81, though it’s less likely given current momentum.Volatility: Expect continued high volatility due to the recent sharp move. Watch for a volume drop as a sign of trend stabilization.Recommendation:Short-Term Traders: Consider a cautious short position if the price breaks below $1.59 with confirmation, targeting $1.45. Set a stop-loss above $1.81.Long-Term Holders: Monitor for a reversal signal (e.g., RSI oversold or bullish candlestick pattern) before adding positions.Risk: The 34.99% drop and high volume suggest heightened risk; avoid over-leveraging