@Solayer #BuiltonSolayer $LAYER
📊 Analysis of LAYER/USDT (6H)
🔻 Technical picture:
Figure: descending wedge (bullish pattern) → often signals a potential reversal upwards.
Current price: $0.5836 (slight decrease -0.48%).
Resistances:
✔️ $0.5959 (Ichimoku cloud).
✔️ $0.6073 (MA99).
Support:
✔️ $0.5611 (Ichimoku).
✔️ $0.5326 (SAR).
Indicators:
✔️ Price is trying to break out of the wedge upwards.
✔️ MA7 and MA25 are almost crossing → signal for growth upon consolidation.
⚠️ Price is still below MA99, overall trend is bearish.
📈 Scenario:
Breakout and consolidation above $0.60 → rise to $0.65–$0.70.
Rejection at $0.59 → return to $0.56–$0.53.
🔍 Fundamental (Solayer)
✔️ Protocol for restaking and liquid restaking on Solana.
✔️ Users can stake SOL or LST → earn income and support AVS (Actively Validated Services) and related solutions.
✔️ The direction of restaking is one of the top themes (similar to EigenLayer in Ethereum, but for Solana).
✔️ Support for Solana infrastructure makes the project promising amid the growing DeFi and LST trend.
🚀 Strengths:
Restaking + LST — hot niche (high interest).
Strong Solana ecosystem, high speed, low fees.
⚠️ Risks:
Young project, dependent on the Solana ecosystem.
High competition among restaking protocols.
🔥 Conclusion:
Technically: the wedge gives a chance for an upward bounce upon breaking $0.60.
Fundamentals: project on a hype trend (restaking), strong ties with Solana.
