$LAYER LAYER Drops 40% Amid Fears of Token Unlocking
On May 6, 2025, the Solayer token (LAYER) experienced a sharp decline of nearly 40% in just a few hours, falling from approximately $3.42 to around $1.94.
This depreciation is related to the announcement that, on May 11, 27.02 million LAYER tokens will be unlocked, equivalent to 12.87% of the circulating supply, valued at $86.73 million.
The prospect of a significant increase in token supply has raised concerns among investors about potential additional selling pressure, leading to position liquidations and the consequent drop in the asset's price.
Currently, LAYER is priced at approximately $1.78, with a daily change of -0.36%.
On May 11, 2025, Solayer will unlock 27,020,000 $LAYER tokens, which represents approximately 12.87% of the current circulating supply.
excessive panic in my view
apps77
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$LAYER Entry Point: Around 1.75 – 1.85 USDT Wait for the closing of a green candle above 1.75 with an increase in volume to confirm strength. Stop Loss: 1.57 USDT A bit below the recent low (1.5945) to avoid premature stops. Profit Targets: TP1: 2.10 USDT (previous minor support/resistance zone) TP2: 2.60 USDT (near the MA(99) and strong supply area) TP3 (long term): 2.80–2.90 USDT (MA(25), strong resistance zone) #FOMCMeeting #USHouseMarketStructureDraft
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Mantra tomorrow will return to normal, there was some upset whale or the algorithm went crazy... This is normal during a downturn, other coins dropped slowly and no one complained, only because this one fell more quickly, everyone got scared...🚀🚀🚀🚀🚀🚀🚀🚀 I bought some... it will work out...
Brazil will further diversify its partnerships to overcome the crisis created by Trump.
During his first terms in office, Lula had already changed the direction of Brazilian international trade with what became known as "South-South trade". We increased exports to China, African, Arab and Middle Eastern countries. This culminated in the creation of Mercosur, BRICS, G20 and the beginning of attempts to reach an agreement with the EU, Canada and Mexico.
These actions taken by Lula 20 years ago significantly reduced Brazil's dependence on the US and its successive economic crises. They also more than doubled our trade balance in two decades.
So, we are talking about a government that has experience and successful stories of conquering new markets and commercial partnerships. Without experimentation and guesswork, as Trump does.
Ripple News: Can the SEC’s April 3 Meeting Save XRP From Dropping Below $2?
The post Ripple News: Can the SEC’s April 3 Meeting Save XRP from Dropping Below $2? appeared first on Coinpedia Fintech News
XRP has shown some interesting price movements over the past 24 hours, with increased trading activity catching the attention of traders. Even though volume is down 6%, it’s holding up better than Bitcoin, where trading volume has dropped by 37%. Recently, XRP dropped to a key support zone between $1.95 and $2.10. This level has been important in the past, and it’s holding well so far.
Crypto analyst Josh from Crypto World shared an update on XRP’s price action. According to him, XRP is showing a slight bullish bounce. This comes after an oversold signal in the RSI (Relative Strength Index), suggesting that XRP was due for a short-term relief rally. This bounce or sideways movement is expected to last for the next day or two.
Josh explains that an oversold signal isn’t a bottom signal—it just means the price needs some kind of reset in the short term. This oversold condition coincided with XRP’s price getting very close to major support, which is why the price has seen this slight bounce. The next key support level to watch is between $1.50 and $1.25, and XRP bounced from just about $1.26, just one cent away from that area.
If the short-term bounce continues, resistance is expected around the previous support zone, now acting as resistance, between $2.24 and $2.30. If XRP manages to break above $2.30, the next resistance levels are around $2.48 and $2.56.
SEC Closed Door Meeting (April 3):
The SEC has scheduled a private meeting to talk about legal actions, administrative proceedings, and enforcement issues. According to reports, this meeting could help clarify XRP’s regulatory situation, especially regarding the approval of XRP-spot ETFs. If the news is positive, it could open doors for Ripple to grow in the U.S. financial market, as stressed recently by the CEO Brad Garlinghouse.
$XRP this has become a bad joke. it's regrettable to see this absurd drop, and then only to rise and reach the top again! breaks low, but does not break high
This breakout looks wonderful on the chart, I hope it works!
Professor Mende - Bonuz Ecosystem Founder
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💰 XRP Eyes 60% Gain as Gensler Prepares to Exit!!
XRP just burst out of a symmetrical triangle formation, suggesting a run toward $4 could be in the cards. This breakout arrives on the heels of Ripple sealing sensitive documents in its legal battle with the SEC. As if that weren’t enough, agency chair Gary Gensler is stepping down on January 20, stirring hopes for a more crypto-friendly tone.
Still, traders should watch their backs. If XRP slips back below $2.37, the bullish thesis weakens. Adding to the suspense, the SEC must file its appeal by January 15, so expect more price swings as the deadline approaches.
Is This the Big Opportunity? Keep Track of Court Updates. Ripple’s case has moved markets before, and new twists could come any day. Also, make sure to observe Key Chart Levels. The breakout’s backbone is $2.37. Falling below it might cause a steeper retreat. Lastly, stay safe and guard Against Whiplash. Consider partial profits if price surges. It’s better to lock in gains than watch them vanish.
Follow @Professor Mende - Bonuz Ecosystem Founder to stay updated on the topic! #XRP #Ripple #SEC #GaryGensler #Trump $XRP