[24H Market Signal] LAYER/USDT – May 9, 2025
Price: 1.1801 USDT
24h Change: -10.72%
High/Low: 1.5264 / 1.1287
Volume (24h):
LAYER: 98.00M
USDT: 126.25M
Technical Snapshot (15m chart):
Trend: Strong Bearish
SAR: Bearish at 1.2394
MACD: Negative (MACD: -0.0063, DEA: -0.0087)
Support: 1.1677 (recent low), next at 1.1287
Resistance: 1.2394 – 1.2599
Volume: Heavy selling continues
Insights:
LAYER has seen a sharp 24h drop of nearly 11%, with sellers dominating. The price has tested local support at 1.1677, but with no clear reversal signal yet. MACD and SAR both confirm a bearish outlook. Strong buy interest is visible in the order book (89.60% bids), but momentum remains weak.
Strategy:
Scalpers: Monitor for bounce at 1.1677.
Swing Traders: Wait for confirmation of reversal – look for MACD crossover or SAR flip.
Risk Level: High – avoid over-leveraging in current conditions.
Outlook: Bearish bias remains unless price reclaims 1.2394 zone with volume confirmation.
