Solayer ($LAYER ) fell 3.3% over 24h, underperforming the broader crypto market (-3.09%). Key drivers include:
Token unlock pressure – $17.33M LAYER entered circulation on August 11, risking sell-offs.
Technical weakness – Price below key SMAs and critical Fibonacci support at $0.536.
Market-wide risk-off – Crypto fear/greed index shifted to "Neutral" (47) from "Greed" (63) last month
LAYER
0.196
+0.05%