The RSI-14 indicator for $LAYER (44.15) has exited the oversold zone, and the price has bounced off the support level at 78.6% Fibonacci ($0.5767). However, the MACD histogram remains negative (-0.0027), indicating weak momentum.
Short-term traders may use the oversold condition for profit, but the 30-day moving average ($0.6236) acts as resistance. A breakout above $0.633 (50% Fibonacci) may signal a trend reversal.#layer #Solayer @Solayer