📉 $LAYER /USDT Market Overview
Last Price: $0.6424
Mark Price: $0.6426
24h Change: -8.54% (strong bearish move)
24h High / Low: $0.7077 / $0.6391
24h Volume:
LAYER: 69.17M
USDT: 45.94M
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📊 Technical Indicators
Current Volume: 384,047.7 (this appears to be recent timeframe volume, much lower than daily volume)
MA(5): 8.58M
MA(10): 11.39M
Trend: Bearish
Price is near daily low, indicating continued sell pressure.
MA levels indicate reduced buying activity.
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🔍 Support & Resistance Levels
Support:
$0.6391 → Immediate support (24h low)
$0.6279 → Weak support
$0.6017–$0.5940 → Stronger support zone if breakdown continues
Resistance:
$0.6618
$0.6956
$0.7077 → 24h high
$0.7295 / $0.7557 / $0.7635 → Strong supply zone if recovery occurs
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🧠 Trade Setup Ideas
🟩 Potential Long (Bounce Play)
Entry: $0.6400–$0.6420
TP1: $0.6620
TP2: $0.6950
SL: $0.6280
> Only valid if strong volume spike appears at support. Current momentum favors caution on longs.
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🟥 Short Setup (Breakdown Continuation)
Entry: $0.655–$0.662
TP1: $0.628
TP2: $0.602
SL: $0.675
> Use if price rejects at $0.66 resistance with low buying volume.
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⚠️ Key Notes
Momentum is clearly bearish, with -8.54% daily move and price sitting on critical support.
Breakdown below $0.639 could trigger panic selling.
Reversal unlikely without strong volume and price reaction.
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