#LAYER

Wrote about LAYER on 7th May 2025

Here’s a 3-day outlook for LAYER/USDT, based on the chart provided:

Volume Spike: 18.47M, significantly above average

RSI(6): 64.45 → approaching overbought territory

Structure: Strong bullish engulfing candle from local bottom ($0.6023)

Short-term Downtrend Broken: A clear break of lower lows/lower highs with today's bullish impulse. Last 7 candles were consolidating at the bottom → strong reversal signal.

Bullish Breakout Confirmed: Today’s candle is a clean breakout with heavy volume—indicating institutional or whale participation.

Fibonacci Retracement Levels

0.236 | $0.6702

0.382 | $0.7109

0.5 | $0.7349

0.618 | $0.7590

0.786 | $0.8078

Moving Averages (MA)

MA(5): $0.7218 → bullish crossover above MA(10)

MA(10): $0.5743 → lagging but turning upward

Price > MA(5) & MA(10): confirming short-term momentum shift

3-Day

Day 1 (Today – Day Close)

Expect continuation up to $0.76–$0.78 (Fib 0.618 to 0.786)

Watch for volume follow-through to confirm strength

A wick above $0.76 followed by mild pullback is healthy

Day 2 (Short-Term Test)

Potential pullback to $0.71–$0.70 (Fib 0.382 / support test)

This is a key retest zone — if held, will act as launchpad

Day 3 (Momentum Decision)

If $0.76 flips to support → next target $0.80+

Otherwise, consolidation between $0.71–$0.76 before next leg

DYOR $LAYER