The latest price of one Solayer coin $LAYER is $0.5612. Over the last 24 hours, it has increased by 4%. 48.24% of the days, the price $LAYER closed above the opening price.
Based on 17 technical indicators, 1 buy signal, and 12 sell signals, the technical price analysis shows a bearish sentiment in the short term. The first significant resistance for the upward trend for $LAYER is at the level of $0.5966. To continue the growth, it is necessary to close above this level. The support level is at $0.3592. Thus, if the price drops below $0.3592, we may see further price declines. If LAYER closes above $0.5966, it may rise to the next resistance level at $0.6583.
The 14-day Relative Strength Index (RSI) is currently 63.13, indicating neutral conditions, meaning the market is neither overbought nor oversold. Similarly, the Relative Strength Index (RSI)
On the daily chart, the exponential moving averages show a bearish signal. The price of Solayer is currently below all exponential moving averages.