The last price of one coin $LAYER is $0.5794. Over the last 24 hours, it has increased by 4%. 48.24% of the days, the price of $LAYER closed above the opening price.
Based on 17 technical indicators, 4 buy signals, and 10 sell signals, the price technical analysis predicts a bearish sentiment in the short term. The first significant resistance level for the upward trend of LAYER is at $0.5966. To continue rising, it needs 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 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 81.81, which indicates an overbought condition. Overbought conditions signal a potential price drop in the near term. On the weekly chart, the RSI is at 50.85, indicating a neutral state.