$LAYER BACK TO THE BASE – IS THE DIP DONE YET❓
A lot of eyes are on $LAYER after that parabolic run from $0.20 to $3.43. The massive retracement down into the $0.90s is shaking out weak hands and testing conviction. Let’s break it down:
📊 CHART BREAKDOWN
PARABOLIC RUN:
LAYER rallied from $0.20 to a peak of $3.4303 — an explosive ~16× move in a matter of weeks.
SHARP CORRECTION:
After topping out, price sharply pulled back, now consolidating near $0.92 — a roughly 75% retracement from the top.
VOLUME PROFILE:
Volume remains steady despite the drop, suggesting accumulation could be underway as weaker hands exit.
🔑 Key Zones to Watch
Support: $0.90 is a critical zone. Holding here could suggest bottoming behavior and accumulation. A drop below $0.85 might lead to deeper downside.
Resistance: First resistance is around $1.03 — a reclaim of this level could spark momentum. Beyond that, $1.30 is a psychological and structural barrier before any real push higher.
🤔 Final Thought
This appears to be a classic deep retest phase after a monster rally. If $0.90 holds and volume picks up, the next leg up could begin. But caution is warranted — stay patient and watch how price reacts around these key levels. Opportunity might be reloading.