Solayer ($LAYER ) has grown over the last 24 hours. According to the provided data, the growth was 0.492%. This is a small but noticeable increase that may be caused by certain factors.
From a technical standpoint, the relative strength index (RSI) for 7, 14, and 21 days is approximately at 40, which is below the 50 mark. Typically, this means that the asset is not yet overbought. The MACD histogram is negative, indicating a bearish market sentiment, but there may be other reasons as well. Fibonacci retracement levels show that the current price is below the 23.6% level ($0.6405), which may indicate testing of resistance levels.
The global cryptocurrency market is currently in a neutral state with a slight decrease in overall capitalization, but the altcoin season index is rising. This may mean that investors are switching to altcoins like LAYER. The fear and greed index is also neutral, meaning there are no strong emotions affecting the price.
In conclusion, the price increase of Solayer ($LAYER ) over the past day is likely related to positive events: interest in restaking protocols, reduced pressure from token unlocks, and increased trading volume. #layer #Solayer #BuiltonSolayer @Solayer