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Solayer (LAYER) has decreased by 1.56% to $0.571 in the last 24 hours, performing worse than the overall cryptocurrency market (-1.34%). Main reasons:
Pressure from token unlocks – from August 11 to August 18, 27.2 million LAYER ($17.33 million) were unlocked, increasing the supply for sale.
Technical weakness – the price remains below the important Fibonacci resistance level at $0.575.
Market sentiment – the altcoin season index has risen by 30% over the month, but LAYER has lagged with a decline of 16%.#layer #BuiltonSolayer @Solayer