$LAYER /USDT Technical Analysis (Binance)

🔹 Price Snapshot

Metric Value

Current Price $0.6744

24h Change ▲ +1.47%

24h High / Low $0.7132 / $0.6360

24h Volume (LAYER) 8.04M

24h Volume (USDT) $5.44M

Price Behavior Overview

LAYER reached a daily high of $0.7132 before pulling back to $0.6744, showing intraday rejection at key resistance.

Currently holding above the mid-range level of $0.6700, signaling short-term consolidation after the recent rally from $0.6360.

Key Levels to Watch

Type Price Commentary

Resistance 1 $0.7132 Daily high / Major intraday rejection

Resistance 2 $0.7000 Psychological round level

Current Zone $0.6744 Trading just above $0.6700 support

Support 1 $0.6600 Minor pullback level

Support 2 $0.6360 24h low / Strong support base

Trend & Momentum Analysis

Trend Bias: Mildly bullish as long as price holds above $0.6600.

Volume: Fairly healthy — suggests buyers are present but not dominant at higher levels.

Candle Pattern: Latest rejection from $0.7132 could lead to either:

A range between $0.6600–$0.7000, or

A breakout push to retest $0.7200 if momentum returns.

Strategy Outlook

🔹 Bullish Continuation:

Needs to reclaim $0.7000 with strong volume to aim for $0.7200+.

If $0.6744 acts as support, expect a slow grind upward.

🔹 Bearish Scenario:

Break below $0.6600 may trigger a drop toward $0.6400–$0.6360 zone.

Summary Table

Bias Key Support Resistance to Break Risk Zone

Bullish $0.6600 $0.7000–$0.7130 Below $0.6360

Neutral $0.6700 Sideways movement

Bearish Below $0.6360 Confirmed breakdown

Would you like a scalp/day trade setup, or should I include RSI/MACD or EMA-based confirmation to refine the direction?

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