LAYER/BNB 7-Day Uptrend Overview:
The LAYER/BNB pair surged +11.92% over 7 days (Feb 10–17, 2025), rising from $0.0032333 to $0.0053880, with a 24-hour high of $0.0055451 and low of $0.0047918. Volume surged to 8,894.41 LAYER (BNB: 46.01), driven by 80.77% buy-side dominance, signaling strong buyer conviction.
Technical Momentum:
- Price Action: Break above $0.0055 resistance, supported near $0.0035337. Current price near upper Bollinger Band (BB) and RSI at 70, indicating moderate overbought risk.
- Indicators: MA/EMA (15m–1h) align with uptrend; MACD bullish crossover, Parabolic SAR dots above price.
- Multi-Timeframe: 7-day gain (122.11%) confirms long-term strength, while 15m/1h charts show tight uptrend channels.
Order Book: Buy orders dominate at $0.0053880–0.0055863, with sell pressure concentrated below. Money Flow trends upward, though Decentralized Finance (DeFi) sector volatility remains a watch factor.
Current risks include proximity to upper BB and potential profit-taking near $0.0055. Short-term traders should monitor order book depth and Relative Strength Index (RSIl divergence.
