$LAYER LAYER is cooling off after a massive rally – is this just a correction or start of a deeper move?
After reaching a peak at $2.2901, LAYER/USDC has retraced nearly 14% to $1.9750, breaking short-term EMA supports on the 4H chart. Volume is slightly increasing on red candles, and RSI levels suggest growing selling pressure.
Technical Snapshot (4H + 1D):
• Price: $1.9750
• 24h High/Low: $2.1709 / $1.8948
• EMA(7/25/99) 4H: 2.03 / 2.07 / 1.88 – all breached
• EMA(7/25) 1D: 2.01 / 1.76 – testing short-term support
• RSI(6/12/24) 4H: 14.91 / 33.61 / 46.23 – deeply oversold
• RSI(6/12/24) 1D: 50.94 / 60.02 / 61.25 – mid-range
Outlook:
On the 4H chart, LAYER has entered a short-term bearish trend with RSI(6) near extreme oversold territory, which may lead to a bounce. However, a break below $1.88 (EMA99) could trigger a stronger downward move toward the $1.70–1.75 zone. Daily trend is still intact, but fragile.
Conclusion:
Short-term caution is advised as indicators flash correction signals. Watch $1.94–$1.95 for potential support confirmation or breakdown. Long-term bulls may see this as a healthy pullback after strong gains.