$LAYER

It is currently trading at approximately $1.21, with a 24-hour trading volume of $574 million. The token has experienced a 0.62% increase in the last 24 hours.

Key Observations:

Recent Price Action: it reached an all-time high of $3.39 on May 5, 2025, but has since declined by approximately 64%, indicating significant volatility.

Market Metrics: The current market capitalization stands at $256 million, with a circulating supply of 210 million LAYER tokens.

Technical Outlook:

Support Level: Around $1.15

Resistance Level: Approximately $1.35

Trend Analysis: The token is exhibiting a bearish trend, with decreasing trading volumes and a lack of strong bullish indicators.

Conclusion:While it has shown some positive movement in the last 24 hours, potential investors should exercise caution due to its recent volatility and bearish trend. Monitoring market developments and conducting thorough research is advised before making investment decisions.