The current price of $LAYER is about $0.58, with a slight rebound in short-term performance, but still significantly retraced compared to previous highs. From a technical perspective, although the RSI has moved out of the oversold zone and is temporarily stable above the support zone, it is still under pressure from the 30-day moving average. Unless it breaks through $0.65, a reversal is unlikely. 📈
From a fundamental perspective, Solayer is accelerating the advancement of its InfiniSVM hardware-accelerated chain, aiming to achieve one million TPS, and has already achieved a 100K TPS Devnet testing result. Additionally, it has introduced Modular Rollups and CLI development tools to enhance ecosystem attractiveness. Meanwhile, LAYER has been included in the Coinbase listing plan, and if it goes live as scheduled, it is expected to bring increased liquidity and attention.
Do not overlook the unlocking pressure; approximately $17M worth of tokens will be released this week, which is expected to bring selling pressure. The price-dampening effect of such token unlocks has been validated multiple times in the past.
