$LAYER To those who requested an analysis on LAYER for this Saturday.

As we can see, the chart shows some important information for today's trend analysis:

The technical indicators EMAs: 7 periods (1.2093), 25 periods (1.2157), and 99 periods (1.2257) and the RSI at 62.7714 indicate that the asset is close to the overbought zone.

With the current price slightly below the reference price, it suggests a slight retracement, just as the RSI indicates that the asset is near the overbought zone, which may lead to some correction in the short term.

At the same time, the moving averages are starting to converge, which may suggest a possible reversal or consolidation in price.

If the trading volume increases, there may be an attempt to rise. On the other hand, if traders start selling due to the high RSI, the price may correct a bit before resuming the upward trend.

It's worth watching how the market reacts in the coming hours!

Thank you all in advance, and have a great weekend!