This LAYER/USDT chart on the 4H timeframe shows a dramatic shift in market momentum 📉➡️📈. After a strong bullish rally marked by a steep ascending trendline ⬆️ and bullish flag breakout, the price faced a massive dump from highs near $5+ 🧨. It’s since been in a prolonged downtrend, forming a falling wedge and multiple double-bottom patterns 🔄 at key support zones (highlighted in red/orange) 🛑. The chart suggests price has found strong support around $0.58–$0.60, with bulls attempting to reclaim control 🐂. RSI is hovering near 49, showing neutral but recovering momentum ⚖️. A breakout above horizontal resistance and trendline could fuel a strong rally toward $1.15+ 🚀. The projected yellow arrow points to a bullish reversal if buyers step in. The consolidation at lows and repeated bottoming structure signal potential trend reversal in progress 🔁. Definitely a chart to watch 👀🔥.
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