The last price of one coin $LAYER is $0.5517. Over the last 24 hours, it has decreased by -0.09%. On 48.17% of days, the price $LAYER closed above the opening level.
Based on 17 technical indicators, 1 buy signal, and 12 sell signals, the technical analysis of prices shows a bearish forecast in the short term. The first significant resistance level for LAYER is at $0.5989. To continue rising, it needs to close above this level. The lower support is at $0.5010. Therefore, if the price drops below $0.5010, we may see further price declines. If LAYER closes above $0.5989, it could rise to the next resistance level at $0.6583.
Currently, the price of Solayer is $0.535, which is 7.9% lower than last week and 30.48% lower over the last 90 days. The market capitalization is around $151 million, with a circulating supply of 283 million tokens out of a total of one billion. The turnover ratio is 0.101, indicating moderate liquidity. The overall cryptocurrency market is in a 'Fear' phase, with a market capitalization of $3.77 trillion, which has decreased by 6.68% over the week. The altcoin season index is rising, which may indicate potential for altcoins.
The 14-day Relative Strength Index (RSI) currently stands at 37.30, indicating neutral conditions, meaning the market is neither overbought nor oversold. Similarly, the Relative Strength Index (RSI) on the weekly chart is at 50.85, which also indicates neutral conditions in the market.
On the daily chart, the exponential moving averages show a bearish signal. The price $LAYER is currently below all exponential moving averages.
