LAYER has experienced one of the most dramatic post-launch moves in recent memory. After an explosive surge that took the token to a peak of $3.43, the price has since corrected sharply, now consolidating near $0.5555, down around -3.05% on the week.
The structure tells a classic story:
Initial Hype & Expansion: From its launch levels near $0.20, LAYER skyrocketed over 17x in just a short span, driven by liquidity, early hype, and momentum traders.
Steep Correction: Once profit-taking began, price cascaded lower, wiping out weak hands and early speculators. This correction has now stabilized in the $0.50–$0.75 range for multiple weeks.
Current Phase – Base Formation: Price is flattening out, suggesting the market is searching for equilibrium. Volume has thinned, but accumulation patterns are beginning to emerge as patient investors step in at these lower levels.
Key levels to watch:
Support: $0.54 (current weekly low). Losing this could test psychological support at $0.50.
Resistance: $0.75 remains the first breakout level. A sustained move above this could open the door to $1.00.
The big picture: Early hype cycles always flush out speculative excess, and that’s exactly what happened here. Now, the key question is whether #layer can transition from hype to fundamental-driven growth. If the ecosystem continues to expand and on-chain adoption grows, these consolidation levels could be laying the foundation for a longer-term recovery.
For traders, this is the accumulation vs. patience zone. For investors, it’s about watching fundamentals and waiting for signs of renewed momentum.
#BuiltonSolayer $LAYER @Solayer
