Solayer ($LAYER ) has increased by 3.25% over the last 24 hours, outpacing the overall crypto market growth of 2.47%. The main growth factors are technical progress, incentives in the ecosystem, and positive community sentiment.$LAYER
The first significant resistance of the uptrend for $LAYER is at $0.5989. To continue rising, it is necessary to close above this level. The lower support is at $0.5010. Thus, if the price drops below $0.5010, 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 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 conditions in the market.
On the daily chart, the exponential moving averages show a bearish signal. The price of UniLayer is currently below all exponential moving averages.
The growth of Solayer over 24 hours reflects a combination of infrastructure progress and tactical trading at key levels, although there has been a decline of 39.88% over the past 90 days against the backdrop of macroeconomic factors. #BuiltonSolayer @Solayer