Price Forecast for August $LAYER 14

The last price of one coin $LAYER is $0.6029.

Based on 17 technical indicators, 5 buy signals, and 9 sell signals, the technical analysis of prices shows a bearish sentiment in the short term. The first significant resistance level for the uptrend of $LAYER is at $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 declines. If LAYER closes above $0.6583, it could rise to the next resistance level at $0.7063.

The 14-day Relative Strength Index (RSI) is currently at 50.20, indicating neutral conditions, meaning the market is neither overbought nor oversold. Similarly, the Relative Strength Index (RSI) on the weekly chart is at 50.85, which also indicates neutral market conditions.

On the daily chart, exponential moving averages show a bearish signal. The layer price is above the 10- and 20-day EMAs but below the long-term 50-, 100-, and 200-day EMAs.#BuiltonSolayer @Solayer