The current price of one coin $LAYER is $0.5576. Over the last 24 hours, it has increased by 1.92%. 48.19% of the days the price of LAYER closed above the opening price.
Based on 17 technical indicators, 0 buy signals and 13 sell signals, the short-term forecast based on technical price analysis is bearish. The first significant resistance of the uptrend for LAYER is at the level of $0.5989. To continue the upward movement, it is necessary to close above this level. The lower support is at $0.5010. Thus, if the price falls below $0.5010, we may see further price decline. If $LAYER closes above $0.5989, it may rise to the next resistance level at $0.6583.
The 14-day Relative Strength Index (RSI) currently stands at 32.62, 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. The price of $LAYER is currently below all exponential moving averages.