#AltcoinSeasonLoading

The currency ($LAYER) is considered one of the emerging digital currencies that benefits from the advantages of blockchain technology, targeting to provide solutions in the field of decentralized finance (DeFi). In this analysis, we will review the current performance of the currency along with price forecasts, as well as tips on buying and selling.

Current Prices 💹

- **Current price:** 1.2208 USDT

- **24-hour trading volume:** 62.08 million (LAYER) and 74.68 million (USDT)

Technical Data 📊

- **50-day Exponential Moving Average (EMA):** 1.3317

- **100-day Exponential Moving Average (EMA):** 1.6482

- **200-day Exponential Moving Average (EMA):** 2.0466

#Technical_Analysis🔍

Chart Analysis 📉

1. **Overall Trend:** Since reaching a peak of 3.1130, the chart shows a clear corrective movement that led to a price drop to levels of 1.1287.

2. **Relative Strength Index (RSI):** The RSI (14) shows at 48.88, indicating that the currency may be in a neutral zone, but it is close to the buying area if it continues to rise.

3. **MACD:** The MACD value indicates a balance in buying and selling strength, reflecting the potential for price movement in both directions.

Forecasts 🔮

- **Short-term Targets:**

- **TP1:** 1.3317 (If LAYER can exceed the level of 1.3317, we may witness an increase in momentum here).

- **TP2:** 1.6482 (This is the level that represents the 100-day exponential moving average).

- **TP3:** 2.0466 (The closest high comes after exceeding