**Will LAYER/USDT Bounce Back from Here?**
The $LAYER /USDT pair has seen significant volatility recently, with the price currently sitting at **1.2904**, down **-28.36%** over the past 24 hours. The trading volume remains high, with **85.32M LAYER** and **134.96M USDT** traded in the last day, indicating strong market activity.
**Key Technical Indicators:**
- **Bollinger Bands (20,2):** The price is near the lower band (1.4103), suggesting potential oversold conditions. A rebound toward the middle band (2.5005) could be possible if buying pressure increases.
- **Volume & Moving Averages:** The current volume (82.85M) is significantly higher than the MA(5) and MA(10), signaling heightened interest. If this sustains, a short-term recovery might occur.
- **Stochastic RSI (4.47):** Deep in oversold territory, hinting at a possible reversal if momentum shifts.
**Price Action Outlook:**
- **Short-Term:** A bounce could target **1.5459–1.7906** if bulls defend the current support (~1.2904).
- **Long-Term:** The trend remains bearish (down **-58.08% in 7 days**), so any recovery may face resistance unless broader market sentiment improves.
**Final Thought:**
While a short-term bounce is possible due to oversold signals, the overall trend remains weak. Traders should watch for confirmation of reversal (e.g., break above MA(5) or Bollinger mid-band) before expecting sustained upside.
**What’s your take? Will LAYER recover, or is more downside ahead?**