$LAYER / USDT Showing Signs of Consolidation After Recent Surge on Binance š
Current Price: 2.2051 USDT
Change: +3.03%
$LAYER / USDT on Binance appears to be in a phase of consolidation on the 4-hour chart after a significant upward move.
Key Observations:
* Recent High (24h): 2.3100 USDT
* Recent Low (24h): 2.1266 USDT
* Volume (24h LAYER): 11.27M
* Volume (24h USDT): 25.01M
The price has retraced slightly from the 24-hour high and is now trading sideways. The volume has decreased compared to the earlier surge.
Considerations:
* Potential Support: The recent low around 2.1266 USDT could act as a support level.
* Potential Resistance: The 24-hour high of 2.3100 USDT remains a key resistance to overcome for further gains.
* Consolidation Phase: The current sideways movement might indicate a period of consolidation before the next directional move.
* DeFi Sector: As a DeFi project, LAYER's price action can be influenced by developments and overall sentiment within the decentralized finance space.
Disclaimer: This is not financial advice. Conduct your own thorough analysis before making any trading decisions.
