The latest price of one coin $LAYER is $0.5031. Over the last 24 hours, it has decreased by 1%. 48.20% of the days the price $LAYER has closed above the opening price.

Based on 17 technical indicators, 2 buy signals, and 12 sell signals, the technical analysis of prices allows for a bearish outlook in the short term. The first significant resistance of the upward trend for $LAYER is at $0.5989. To continue the growth, it needs to close above this level. The lower support is at $0.5010. Thus, if the price drops below $0.5010, we may see further price declines. If LAYER closes above $0.5989, it may rise to the next resistance level at $0.6583.

The 14-day Relative Strength Index (RSI) currently stands at 36.97, indicating neutral conditions, meaning the market is neither overbought nor oversold. Similarly, the Relative Strength Index (RSI) on the weekly chart is at 50.85, which also indicates neutral conditions in the market.

On the daily chart, the exponential moving averages show a bearish signal. #layer #Solayer @Solayer