Solayer Price Forecast $LAYER
The last price of one coin $LAYER is $0.5558. Over the last 24 hours, it has decreased by -0.64%. 48.21% of the days the price of LAYER closed above the opening level.
Based on 17 technical indicators, 1 buy signal, and 12 sell signals, the technical analysis of prices shows a bearish sentiment in the short term. The first significant resistance of the upward trend for $LAYER is at $0.5966. To continue rising, it must close above this level. The support level is at $0.3592. Thus, if the price drops below $0.3592, we may see further price decline. If LAYER closes above $0.5966, it may rise to the next resistance level at $0.6583.
The 14-day Relative Strength Index (RSI) currently stands at 49.16, 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, also indicating neutral conditions in the market.
On the daily chart, the exponential moving averages are showing a bearish signal.