$LAYER
The LAYER (Solayer) currency experienced a sharp decline after its launch, and here are the main reasons:
1. Wide Airdrop Distribution: 120 million tokens (12% of the supply) were distributed, leading to significant selling pressure.
2. Pump & Dump Pattern: The price reached $1.50 and then collapsed to $0.20 due to rapid speculation.
3. Market Volatility: The market was generally affected by regulatory and economic factors that impacted performance.
Current Technical Analysis:
Price: $1.33
RSI: 35.37 (near oversold)
Support: $0.80
Resistance: $0.85–0.90$
🔮 Forecasts:
Short-term (2025): $1.10 – $1.50
Long-term (2030): Could reach $2.50 if the project succeeds
✅ Advice:
Short-term: Beware of volatility, watch support and resistance levels
Long-term: The current price may present an opportunity, but with good risk management
Warning: This is not investment advice – do your own analysis before buying or selling.
