⚡ $LAYER /USDT — Reversal Attempt After Prolonged Bleed

📉 Trend Context:

LAYER has been trapped in a steady downtrend since early May, forming consistent lower highs and lower lows.

However, the most recent 4H candle broke above both the 7 EMA and 25 EMA, with price currently pressing against the 99 EMA resistance.

🧱 Support Zone:

$0.62 – $0.64: This area acted as a short-term base. A break below would likely resume the downtrend.

🚀 Upside Targets (on breakout continuation):

Target 1: $0.72

First resistance is the 99 EMA and previous swing rejection zone.

Target 2: $0.80 – $0.82

Psychological level and minor supply zone from early June.

Target 3: $0.94 – $1.00

Strong resistance from May's downtrend structure. This would be a major reversal confirmation level.

🔍 Key to Watch:

A 4H close above $0.71 (99 EMA) with volume would validate bullish momentum.

Otherwise, price may get rejected and range sideways between $0.64–$0.71.

⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!