๐ LAYER/USDT Technical Analysis โ April 19, 2025
As of April 19, 2025, Solayer (LAYER) is trading at approximately $2.18 USDT, reflecting a 9.96% increase over the past 24 hours.
Key Technical Indicators:
RSI (14): Currently neutral, indicating balanced market momentum.
MACD: Bullish crossover observed, suggesting potential upward momentum.
Moving Averages: The 5-day and 10-day moving averages have formed a golden cross, indicating bullish dominance.
Support Levels: $2.00
Resistance Levels: $2.20โ
Analysis:
LAYER has experienced a significant surge, breaking through previous resistance levels. The formation of a golden cross and increased trading volume suggest strong bullish momentum.
Trading Recommendation:
Short-Term Traders: Consider entering a long position if LAYER maintains support above $2.00, targeting the $2.20 resistance level.
Swing Traders: Monitor for a sustained breakout above $2.20, which could indicate further upward potential.
