Current price summary
- **Current price**: 1.1683 USDC 📊
- **Price change in 24 hours**: -3.42% 📉
- **Trading volume in 24 hours**:
- Layer: 2.67M 💵
- USDC: 3.22M 💵
1. **Moving Averages (EMA)**:
- **EMA (50)**: 1.2006 📏
- **EMA (100)**: 1.2320 📏
- **EMA (200)**: 1.4021 📏
Moving below all moving averages indicates a bearish trend ⚠️.
2. **Relative Strength Index (RSI)**:
- **RSI(6)**: 43.60 📉
- **RSI(14)**: 39.75 📉
- **RSI(24)**: 41.36 📉
- Low readings indicate strong selling pressure 🚦.
3. **OBV (On-Balance Volume)**:
- Value: -8,161,166.76 (negative) 📉
- Continuous selling pressures are reflected 🔴.
Price predictions 🎯
Here are some key levels:
- **TP1**: 1.1482 💹
- **TP2**: 1.1345 💹
- **TP3**: 1.1200 💹
Trading strategies 📊
- **Selling Strategy**:
- Start selling at the current price level (1.1683) with targets at support levels 📉.
- **Buying Strategy**:
- A purchase may be possible if we see a rebound above the 50 moving average towards 1.2000 as the first target 📈.
General tips 💡
- Watch the news related to the currency and markets, and remember that news can change the direction quickly ⚡.
- Be sure to use risk management and set loss limits ⚠️.
Summary 📝
The Layer (LAYER) currency is currently facing challenges with negative signals, so patience is required and focus on price movement before making any trading moves.
**Remember**: Trading carries risks, and you should only invest what you can afford to lose 💸.
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