$LAYER /USDC BEARISH PRESSURE BUILDING BELOW KEY LEVELS
LAYER is currently trading at $0.5039, slightly down by 1.16% on the day. Price failed to sustain above $0.5159 (24h high) and is now consolidating near the $0.50 support zone. A break below this zone could accelerate selling pressure toward lower levels, while bulls must reclaim $0.515ā$0.52 to regain momentum.
Trade Setup:
Short Entry: below $0.498
Targets (TP): $0.485 ā $0.470
Stop Loss (SL): $0.515
Market Outlook:
LAYER is showing weakness in the short term, with limited buying volume. If $0.50 fails to hold, sellers may dominate. However, a strong bounce from here could trap shorts and push toward $0.53 resistance.