Solayer ($LAYER ) has fallen by 4.88% in the last 24 hours, which is worse than the overall cryptocurrency market (-2.65%). Main reasons:
Pressure from token unlocks – this week, LAYER tokens worth $17.33 million were unlocked, increasing the supply for sale.
Technical decline – the price has dropped below key moving averages, indicating a bearish trend.
Market sentiment – altcoins are struggling against Bitcoin's stable dominance of around 57.8%.$TREE $ERA #layer #Solayer #BuiltonSolayer