💡 Quick Technical Analysis:
✅ Sharp decline followed by a strong rebound! After LAYER dropped to its lowest level in 24 hours at $1.2331, we witnessed a notable rebound to $1.3017, indicating strong buyer intervention at support areas.
✅ The moving average indicates stable support! The 10-period moving average (MA10) is at 905,482, indicating good liquidity that can support continued upward movement if buying momentum persists.
✅ RSI close to 55! The Relative Strength Index is at 54.76, indicating that the market has not yet entered the overbought territory – there is still room for more upside.
✅ MACD shows signs of recovery! The gap between the DIF and DEA lines is narrowing, and there is a signal for slight positive momentum (MACD = 0.0045), which may indicate an approaching positive crossover.
🚀 Expected scenario:
If the price breaks the $1.35 level firmly with high trading volume, we may see a rise towards $1.50, possibly testing the previous resistance at $1.73. However, in case of a decline, the $1.23 level serves as important support, and breaking it could open the way towards $1.10.
🔥 Is LAYER ready to explode?!
With the recent increase in trading volume and indicators suggesting a gradual recovery, this could be the beginning of a new upward wave. The opportunity is still available, but risk management remains essential amid market volatility.
📢 Share your opinion! Do you think LAYER will surpass $1.50 soon? Will you take advantage of this rebound? 🚀👇