The last price of one coin $LAYER is $0.5514. In the last 24 hours, it has decreased by 1%. For 48.16% of the days, the price of $LAYER closed above the opening price.
Based on 17 technical indicators, 1 buy signal, and 12 sell signals, the technical analysis of prices shows a bearish forecast for the short term. The first significant resistance of the uptrend for $LAYER is at the level of $0.5989. To continue rising, it is necessary to close above this level, while the lower support is at $0.3592. Thus, if the price drops below $0.3592, we may see further price declines. If LAYER closes above $0.5989, it could rise to the next resistance level at $0.6583.
The 14-day Relative Strength Index (RSI) is currently at 33.15, indicating neutral conditions, meaning the market is neither overbought nor oversold. Similarly, the Relative Strength Index (RSI) on the weekly chart is at 50.85, which also indicates neutral market conditions.
On the daily chart, the exponential moving averages show a bearish signal.
