After a sharp drop from $3.4 to a low of $0.91, the LAYER token seems to be searching for stability.
On the daily chart, we observe a move upward from the lower Bollinger Band — a classic bounce scenario. Trading volumes are slowly increasing, potentially signaling renewed interest. While the MACD remains in negative territory, the lines are starting to converge.
On the 4-hour chart, the price has climbed above the midline of the Bollinger Bands, which could indicate a short-term trend shift. The 1-hour chart shows consolidation after reaching $1.12, possibly reflecting a period of strength-building.
It’s still early to confirm a full reversal, but current price action suggests LAYER may be attempting a recovery after a deep correction.
Disclaimer: This article is not financial advice. Please do your own research before making any trading decisions.
#bullish #layer