#BuiltonSolayer The last price of one coin $LAYER is $0.6168. Over the last 24 hours, it has increased by 5%. 48.34% of the days the price of LAYER closed above the opening price.
Based on 17 technical indicators, 2 buy signals, and 14 sell signals, the price technical analysis shows a bearish sentiment in the short term. The first significant resistance of the upward trend for LAYER is at the level of $0.6583. To continue rising, it needs to close above this level. The support level is at $0.5966. Thus, if the price drops below $0.5966, we may see further price decline. If LAYER closes above $0.6583, it may rise to the next resistance level at $0.7063.
The 14-day Relative Strength Index (RSI) currently stands at 28.12, indicating an oversold condition. Oversold conditions signal a possible price increase in the near term. On the weekly chart, the RSI is at 50.85, indicating a natural state.
