Technical Analysis

Price Action: The current price of LAYER is $1.78, with an intraday high of $2.54 and a low of $1.63.

Support Levels: Key support is observed around the $1.63 mark. A break below this level could lead to further downside.

Resistance Levels: Immediate resistance is at $2.54. A successful breakout above this level could signal a potential upward movement.

🔮 Outlook

The recent price drop may present a potential buying opportunity for those who believe in the long-term prospects of Solayer's InfiniSVM infrastructure. However, the upcoming token unlocking event and current market volatility suggest that caution is warranted.

I hope this LAYER price will be bullish very soon.

just my thoughts. Trading decisions are yours.

thanks.