$LAYER : After the Plunge – Are We in for a Comeback or More Pain?

Alright fam, it’s been a wild ride for $LAYER. After skyrocketing from $0.20 to $3.43 (that’s over +1600% gains), reality hit hard. Now it’s sitting at $1.029, down nearly 70% from the top. So, what’s really happening here? Let’s break it down.

📉 Market Snapshot

Current Price: $1.029

24h Change: +0.88%

Intraday High/Low: $1.034 / $0.991

Trend: Still bearish, no confirmed reversal

🔍 What’s Next for $LAYER?

Scenario 1: 🚀 Relief Bounce

If buyers can hold the line around the $0.98–$1.00 zone, we might see a quick bounce to $1.25–$1.45. But don’t get too hyped – without volume and a solid structure break, a full reversal isn’t on the table yet.

Scenario 2: 📉 Breakdown

If $0.95 cracks, brace yourself. Next support sits way down at $0.70–$0.50. That’s where smart money might step in, looking for long-term entries.

Scenario 3: 🔄 Recovery Mode

For a legit comeback, we need to see higher lows and a reclaim of the $1.65+ level. This won’t happen overnight – it needs time and some bullish momentum to kick in.

🧠 My Honest Take

FOMO? Nah, not the move right now. Let $LAYER show strength before diving in.

Already holding? Manage your risk – maybe set a stop-loss to lock in gains.

Looking to buy? Wait for a confirmed breakout or solid support hold.

Feeling cautious? Sit back, watch the chart, and see how the market reacts.