$LAYER

It is likely that the 11% increase in the price of Solair over 24 hours stems from the continued distribution of Binance's airdrop and the technical conditions of overselling.

1. Airdrop momentum: Binance distributed 6 million LAYER tokens to BNB holders on June 16, boosting demand.

2. Technical recovery: The Relative Strength Index (RSI), which experienced an oversold peak (14 days: 26.85) and a bullish MACD crossover, indicates a short-term recovery.

3. High volatility: The 795% increase in trading volume over 24 hours ($285 million) exacerbated price volatility.