$LAYER – Underrated DeFi Gem on the Move?
DeFi bulls, this might be your call. $LAYER just bounced from $0.9625 and made a clean sprint to $1.1226, printing a 16.6% rally before a healthy consolidation.
Current Price: $1.0632
24H Change: +4.18%
24H High/Low: $1.1226 / $0.9931
Volume Surge: 50M+ USDT – liquidity is flowing in!
Here’s why LAYER could be your next trade:
Support Zone: Holding steady above $1.02, where buyers stepped in multiple times.
Upside Potential: Breakout above $1.10–$1.12 could open a path toward $1.18–$1.20.
Volume Spike: 24h volume is surging – a clear sign of growing trader interest.
90-Day Return: +53.59% – strong long-term recovery underway.
Caution?
Order book shows 81% sell-side pressure – meaning the next move hinges on flipping $1.07 into solid support. Smart money may be waiting for the dip or volume breakout confirmation.
Trading Signal:
Watch $1.08–$1.10 for breakout trades.
Buyers may want to enter near $1.02–$1.04 support with tight stop-loss below $0.99.
Bottom Line:
$LAYER is showing early signs of a trend reversal with a solid volume base and a bullish structure forming on the 1H chart. Don’t sleep on this DeFi gainer – momentum might just be picking up.
Disclaimer: This is not financial advice. Always do your own research. Crypto markets are volatile – trade wisely and use stop-losses.