@Solayer Token analysis $LAYER
The price of Solayer ($LAYER ) has increased by 1.67% over the last 24 hours thanks to positive news about the project's technological achievements and partnership with Binance. Technical analysis indicates a possible reversal movement after being oversold, despite recent token unlocks that usually exert pressure on the price.
At the time of analysis, the price of Solayer$LAYER is $0.511, which is 1.67% higher than a day ago. Over the last 7 days, the price has decreased by 4.44%, and over the month — by 16.75%. This indicates that the short-term growth is occurring against a general downward trend.
The RSI indicator is around 35-38, which is close to the oversold zone and may signal a potential reversal. The MACD histogram is slightly negative, but there are signs of bullish divergence forming. The price is below the 30-day moving average ($0.57) but above the 7-day moving average ($0.51), indicating short-term support.
The fear and greed index is at 41 — neutral, and the altcoin season index is at 53, which is slightly above average, possibly indicating some redistribution of funds into altcoins.