$LAYER 8 August
Based on 17 technical indicators, 3 buy signals, and 13 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 $0.1054. To continue the rise, it is necessary to close above this level. The lower support is at the level of $0.0588. Thus, if the price drops below $0.0588, we may see further price declines. If LAYER closes above $0.1054, it can rise to the next resistance level at $0.1653.
The 14-day relative strength index (RSI) is currently at 13.17, indicating an oversold condition. Oversold conditions signal a potential price increase in the near future. On the weekly chart, the RSI is at 50.85, indicating a natural state.
On the daily chart, the exponential moving averages show a bearish signal. The price of Layer is currently below all exponential moving averages
