📈 Analysis and forecast for $LAYER : time to exit? 🚀
As of May 23, 2025, 11:25 EEST, the rate $LAYER on Binance is $1.1080, with a 14% increase over the last 24 hours. Daily trading volume rose to $5M, and market capitalization reached $150M (with a circulating supply of 135M LAYER). Sentiment on X is bullish: users noted a reversal and targets up to $1.15 on 5-minute charts.
Technically, $LAYER in an uptrend. On the 4-hour chart, the price has settled above the 50-day moving average ($1.05), and the RSI (14) at 72 indicates bullish momentum but overbought conditions. Key levels: support — $1.09, resistance — $1.12. A breakout above $1.12 could push the price to $1.15, but a drop below $1.09 would increase pressure towards $1.05.
Forecast: in the short term (by the end of May), LAYER could reach $1.15 if volume is maintained. By July 2025, a correction to $1.05 is possible due to overbought conditions. The long-term target for 2026 is $2.00, assuming increased interest in LayerZero and cross-chain solutions.
Time to exit? After a 14% rise and the current price of $1.1080, taking profits is justified, especially before resistance at $1.12. Set a stop-loss at $1.09 for protection. For long-term investors, holding with a target of $1.15 is possible, but watch out for the RSI and volumes. Overbought conditions and high volatility indicate a risk of correction — act with caution! #layer #Binance #CryptoAnalysis
