# ## **$LAYER CRASHES 60% – IS A BOUNCE COMING?**

After a parabolic rally, **$LAYER has collapsed** from **$3.43 to $1.26** (-60%) in just **48 hours**, now hovering near **$1.3087**. The sharp drop likely stems from **profit-taking, liquidations, or sudden news**—fueling extreme volatility.

#### **Key Data:**

📉 **24h Drop:** -29.07%

💰 **Volume Spike:** ~$92M (panic selling confirmed)

🛑 **Support Zone:** $1.26–$1.30 (critical short-term floor)

⚠️ **No Reversal Yet:** Weak candles, no bullish volume surge

#### **Outlook:**

The market is **testing support**, but until we see:

✅ A strong bullish reversal (engulfing candle, volume surge)

✅ Or a reclaim of key levels (**$1.50+**)

…**further downside risk remains.**

**Caution advised!** Wait for confirmation before considering longs.

Trade & Buy Here #layer