snapshot summary and brief technical insight for $LAYER /USDT

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📊 LAYER/USDT Market Summary

Current Price: $0.7449 (+1.99% daily change)

24h High / Low: $0.7493 / $0.7186

24h Volume:

LAYER: 3.42M

USDT: 2.50M

Recent Volume: 2,930.21

MA(5): 15,341.20

MA(10): 14,422.24

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📈 Technical Indicators

Short-Term Trend:

Price is trading above the short-term moving averages, indicating a bullish short-term bias.

Resistance: Around $0.7493 (recent high).

Support: Near $0.7186 (24h low).

Volume Decline: Recent volume is significantly below the MA(5/10), which might indicate a weakening momentum unless buying interest returns.

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🔍 Interpretation

The price increase is modest and in line with a general uptrend, but the low recent volume suggests traders are waiting for a clear direction.

Watch for a break above $0.7493 with strong volume for confirmation of bullish continuation.

If price falls below $0.722, it could test deeper support around $0.71–0.70.

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