Crypto Alert: LAYER Facing Downward Pressure

Despite currently trading at around $1.15, technical indicators suggest that LAYER could be headed for a further decline. Recent TradingView charts reveal a weakening momentum with the RSI dipping below 50 and a bearish moving average crossover forming. The price action shows signs of a double top pattern, indicating increased sell pressure. Key resistance remains near $1.20, while support is anticipated around $0.90. Trading volumes have surged on sell orders recently, confirming a bearish sentiment among traders. In addition, recent market news and cautious institutional sentiment have added to the downward pressure on LAYER. Investors are advised to monitor these technical levels closely and consider risk management strategies such as setting stop-

loss orders until a clear reversal is confirmed.

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