๐ Market Overview
Solayer (LAYER) is currently trading at $1.34, reflecting a slight decline of 0.28% from the previous close. Today's trading has seen the price fluctuate between a low of $1.29 and a high of $1.91, indicating moderate volatility.
๐ Technical Indicators
Despite the recent dip, analysts maintain a bullish outlook for LAYER. Technical indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), suggest upward momentum without signs of bearish divergence. Short-term price predictions indicate potential resistance levels at $1.78 and $2.10, suggesting room for growth in the near future.
๐ Upcoming Token Unlock
A significant event is on the horizon for Solayer: on May 11, 2025, the network is scheduled to unlock 12.87% of its circulating supply, valued at approximately $47.82 million. Such token unlocks can influence market dynamics, potentially leading to increased volatility or shifts in investor sentiment.