$LAYER
2.1% over the last 24 hours, better than the cryptocurrency market with a growth of 1.06%. The weekly trend is also +7.14%, but volatility is still high, and technical signals are mixed.
🔹 Key Updates @Solayer #BuiltonSolayer
1️⃣ Partnership with WalletConnect – 50,000 WCT rewards for Emerald Card users, sSOL, sUSD, and LAYER. Will accelerate adoption and payments on the network.
2️⃣ Binance Yield+ Program – $600K in LAYER rewards until August 23, with a reinvestment of SOL/BNSOL. Short-term demand is on the rise, but there is a risk of selling pressure when rewards are unlocked.
3️⃣ Technical Levels – Price at $0.643, RSI neutral (46.31), MACD bearish. It is important to hold support at the 0.631 Fib level; otherwise, the possibility of a decline opens up.
💡 Overall: Partnerships and incentives provide short-term momentum, but it may be challenging to sustain the rally due to token unlocks and technical weakness.