$LAYER Breakout Watch: $0.5650 Key Level

$LAYER is at a critical juncture, trading just below the $0.5650 breakout zone. This level has capped upside moves multiple times, making it the most important resistance in the short term.

If bulls manage to close above $0.5650 on higher timeframes, the token could quickly advance to $0.5790 and then test $0.6000. The breakout could also trigger short liquidations, adding fuel to the rally.

On the downside, $0.5420 remains the critical support. A breakdown below this level would invalidate the bullish bias and expose $0.5150.

Technicals remain in favor of bulls: RSI is stable, MACD hints at a possible bullish cross, and price action shows higher lows forming consistently.

Traders should watch for confirmation candles around $0.5650. A decisive move above with strong volume will set the tone for the next rally phase. Until then, the token remains in accumulation mode.

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