LAYER Defends Key Support and Prepares for Upside

$LAYER is showing resilience today as it trades near $0.54 on Binance, bouncing off its recent intraday low of $0.52. The token has been consolidating in a tight range between $0.52–$0.55, which reflects accumulation. Buyers have consistently defended the $0.52 level, turning it into a strong short-term floor.

On the charts, candlesticks reveal a hammer pattern forming near the lows, indicating strong buying pressure. Momentum indicators such as RSI remain neutral around 50, suggesting $LAYER still has room to push higher without being overbought. If momentum picks up, the first resistance zone to watch lies at $0.56–$0.58, followed by an extension toward $0.60.

Volume profiles show steady participation, with whales quietly adding positions. This aligns with the project’s fundamentals, as Solayer continues to attract developer interest for its modular blockchain scaling solutions. Traders are treating current levels as a prime accumulation zone, expecting a possible breakout in the short term.

☞ Before trading, always do your own research and verify everything yourself. Never rely blindly—make informed #BuiltonSolayer and @Solayer