$LAYER is trading at $0.5549, slightly down 1.3% on the day, holding just above its recent low of $0.5428.
Price remains below key moving averages (7D MA:
$0.5738, 25D MA: $0.6070), showing consolidation after the strong rally from July’s high of $0.8467.
Despite the cooling chart, fundamentals remain strong. @Solayer is pioneering restaking on Solana, unlocking new yield layers, validator incentives, and cross-chain integrations. With growing adoption of SVM-native restaking and rising on-chain activity, the project is aligning with DeFi’s next wave of infrastructure.
Takeaway: Price action looks like healthy consolidation. As long as $LAYER holds above $0.54 support, any shift in sentiment or ecosystem catalyst could fuel a breakout back toward the $0.60+ range.
