Technical Analysis: $LAYER /USDT

The LAYER coin has garnered significant interest in the decentralized finance (DeFi) sector, currently trading at $1.0816, with a strong increase of 11.47% over the past 24 hours. The coin has shown notable volatility, with a daily low of $0.9625 and a high of $1.1226, indicating a strong rise in its value. Supported by a large trading volume (35.62 million LAYER / 37.51 million USDT), this uptrend suggests institutional concentration and increasing confidence among traders. The daily momentum on the 15-month, hourly, and 4-hour charts reflects accelerated bullish pressure, as optimists are eyeing the resistance level of $1.1320 for a decisive breakout. As one of the biggest gainers in the DeFi sector today, LAYER is experiencing a remarkable increase in its value.

Key support is accumulating around the range of $1.0497-$1.0085, providing a strong launchpad for further gains. Market depth reveals strong buying interest pushing prices higher, while short-term traders are likely awaiting a clear breakout above $1.1226 to confirm the continuation of bullish dominance. With rising sentiment and a shift in DeFi interest towards high-momentum assets like LAYER, this token is expected to be a key candidate for strong bullish trades. Get ready - shows $LAYER

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