$LAYER
Looking at the LAYER/USDC chart on Binance, the current price sits at $0.6396, up 0.71% recently, with a notable spike to $0.6756 earlier. The 7-day gain of 6.5% suggests some positive momentum, though the 30-day (-4.8%) and 90-day (-44.8%) trends indicate a longer-term decline. Moving averages (MA7: $0.6432, MA25: $0.6473, MA99: $0.6403) show the price is below short-term averages, hinting at bearish pressure, while the recent volume spike (5,877.84) could signal interest or a sell-off. The RSI and MACD (not fully visible) would need closer scrutiny, but the sharp drop from the peak suggests overbought conditions corrected.
For growth potential, LAYER’s DeFi focus is promising if adoption rises, but the current downtrend and low volume outside spikes are concerning. A break above $0.6536 (24h high) with sustained volume could signal a bullish reversal, targeting $0.70. However, without clearer upward momentum or broader market support, caution is warranted. Monitoring resistance at $0.6756 and support at $0.6263 will be key.
