Solayer (Layer) Market Analysis – April 30, 2025
Solayer (Layer) has reached and surpassed earlier targets of $2.5 and $3.0, showing strong momentum despite being in its early discovery phase. The coin now trades around $3.2, and the next move hinges on how it behaves around the critical $3.00 support zone.
Technical Recap:
Initial entry call: Around $1.90 (April 15)
First targets hit: $2.5 and $3.0
Current price: $3.2
The chart structure is psychological due to lack of prior data (price discovery phase).
Updated Trade Plan:
Entry (Upon Confirmation):
Buy only if 2 daily candles close above $3.00
Entry Zone: $3.05–$3.20 (post-confirmation)
Upside Targets:
Target 1: $3.50
Target 2: $4.00
Stop-Loss:
Place stop-loss at $2.85 to protect capital in case $3.00 fails to hold.
Breakdown Scenario:
If price closes 2 daily candles below $3.00, expect a correction:
Bearish Target: $2.00
Panic selling may intensify due to retail exits and profit-taking.
Fundamental Warning:
Solayer has a high inflation schedule due in ~8 months.
Treat this as a short- to mid-term trade, not a long-term hold.