#BuiltonSolayer and $LAYER @Solayer

Consolidation Phase Could Spark Next Big Move

The $LAYER token is consolidating in a tight range between $0.5427 (support) and $0.5615 (resistance). This consolidation phase is healthy for building momentum before a potential breakout.

On the daily chart, price action shows higher lows forming, indicating that bulls are defending key zones. The moving averages are flattening, suggesting that volatility could expand soon. Traders should watch closely for a breakout candle above $0.5650 to confirm bullish continuation.

Volume profile shows that the strongest buying interest sits around $0.5450, where multiple wicks have rejected downside attempts. This is a positive sign that the market is absorbing sell pressure.

Upside targets after a breakout stand at $0.5800 and $0.6000, while downside risks lie near $0.5300.

For swing traders, waiting for confirmation of a breakout above $0.5650 or a breakdown below $0.5420 is the safer strategy. Until then, the market remains neutral-to-bullish with more weight on accumulation.

☞ 🗣️🗣️ Before trading, always do your own research and verify everything yourself. Never rely blindly—make informed decisions