$LAYER slipped 1% in the past 24h to $0.533, extending its 7.99% weekly and 11.26% monthly losses. Key drivers include:
1. Token Unlock Pressure (Bearish)
Between Aug 11–18, ~27.2M tokens ($17.33M) were unlocked, equal to 9.6% of supply.
With daily trading volume at $11.4M, these tokens represent 150% of market liquidity.
Similar events (e.g., APT in July) triggered 18% declines, highlighting dilution risks.
2. Technical Downtrend (Bearish)
LAYER trades below short- and mid-term SMAs (7D: $0.543, 30D: $0.589).
RSI at 39 reflects weak momentum, while MACD shows negative bias.
Key resistance: $0.536–$0.563. Long-term 200D SMA remains far above at $1.05.
3. Market-Wide Rotation (Mixed)
Altcoin Season Index climbed 58% in 30 days (now 57), but Bitcoin dominance also rose to 57.35%.
Despite increased altcoin activity, LAYER underperformed due to unlock-driven selling.
24h trading volume rose 5.76% to $11.4M, showing some continued speculative interest.
@Solayer #BuiltonSolayer $LAYER
Here’s a rewritten version with a sharper headline and a concise, professional flow:
📉 LAYER Faces Sell Pressure Amid Unlocks and Technical Weakness
$LAYER slipped 1% in the past 24h to $0.533, extending its 7.99% weekly and 11.26% monthly losses. Key drivers include:
1. Token Unlock Pressure (Bearish)
Between Aug 11–18, ~27.2M tokens ($17.33M) were unlocked, equal to 9.6% of supply.
With daily trading volume at $11.4M, these tokens represent 150% of market liquidity.
Similar events (e.g., APT in July) triggered 18% declines, highlighting dilution risks.
2. Technical Downtrend (Bearish)
LAYER trades below short- and mid-term SMAs (7D: $0.543, 30D: $0.589).
RSI at 39 reflects weak momentum, while MACD shows negative bias.
Key resistance: $0.536–$0.563. Long-term 200D SMA remains far above at $1.05.
3. Market-Wide Rotation (Mixed)
Altcoin Season Index climbed 58% in 30 days (now 57), but Bitcoin dominance also rose to 57.35%.
Despite increased altcoin activity, LAYER underperformed due to unlock-driven selling.
24h trading volume rose 5.76% to $11.4M, showing some continued speculative interest.
