$LAYER has taken a hit, sliding about 4.6% in the last 24 hours as EMAs, MACD, and capital outflows put short-term pressure on the chart. Sellers are testing the market’s buying strength—but the story isn’t all red.

Behind the scenes, fundamentals look strong. The recent governance win on InfiniSVM’s inflation schedule, ongoing restaking upgrades, and real-world utilities are building a solid foundation for what’s ahead.

Technically, $LAYER is sitting in oversold territory on both RSI and Bollinger Bands—often a sign that a rebound could be on the horizon.

Now the question is… will buyers step in to flip the trend, or will the bears keep control? The next move could be decisive.