(โ ๏ธ Solayer (LAYER) Under Pressure: Dip Incoming or Fakeout? ๐๐*
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๐ *Current Price:* *0.614* (โ4.48
Solayer (LAYER), the native token of Solanaโs L2, is under heavy watch as short-term sentiment leans bearish. Traders are split โ is this a healthy pullback or the start of deeper downside?
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๐ *Whatโs Driving the Buzz?*
- ๐ *TradingView chatter:* Targets near *0.62* forming short-term support
- ๐ *CoinCodex prediction:* Drop to *0.48* by early August = 25
- ๐ *MEXC model:* Softer dip to *0.6357*, suggesting consolidation more than collapse
- ๐ธ *Volume:* Over *19M* in 24h = active interest
- ๐ฐ *Market Cap:*133M โ still relatively small = more volatile moves
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๐ *Trending Signals:*
- โ Price below key EMAs (20/50) = short-term bearish
- โ ๏ธ RSI around 40 = approaching oversold, but not yet a bounce signal
- ๐ Watching for bullish divergence or reversal candle near 0.60โ0.62
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๐ฏ *Key Levels to Watch:*
- *Support:* 0.60โ0.62 zone (short-term demand)
- *Target 1 (Rebound):* 0.68
- *Target 2 (Breakout):*0.74
- *Bearish Target:* 0.48 (if trend worsens into August)
- *Stop-loss:* Below0.58 (if trading bounce strategy)
โ
๐ฎ *Prediction & Analysis:*
: LAYER is facing short-term bearish pressure, but not in freefall. If buyers defend the 0.60 zone, a bounce toward0.68โ0.74 is possible. However, failure to hold this range could open doors to deeper retracement toward0.50โ$0.48 by August ๐๐.
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๐ง *Best move? Wait for clear signs of support confirmation or breakdown โ no rush in a ranging market.*
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