$LAYER Solayer (LAYER) – Long-Term Potential with Innovative Tech, but Facing Short-Term Sell Pressure
Over the past 24 hours, LAYER dropped around 2.36% from its peak, moving within a bearish EMA trend and high volatility. Still, indicators such as MACD and RSI have recently shown signs of recovery from oversold conditions.
In the long term, the community remains highly optimistic, fueled by successful governance proposals and the innovative InfiniSVM technology, aimed at enhancing restaking on Solana. This positions Solayer as a key player in the broader blockchain ecosystem.
However, data shows notable capital outflows, signaling sell pressure that could weigh on price stability in the short run.
Can Solayer leverage InfiniSVM to sustain long-term growth, or will current sell pressure slow down its momentum?
