$LAYER
AI Analysis: $LAYER/USDT
Entry Price: 0.220–0.230
Target Price:
- TP1: 0.250
- TP2: 0.272
Stop Loss Price: Below 0.210
Reasons for Buying:
1. Pattern Confirmation:
- Daily level forms a "double bottom" reversal structure (neckline at 0.250), bottom depth 0.04 (0.210-0.250)
- Measure of increase = bottom depth × 1.618 = 0.065 → Target Price 2 = 0.210 + 0.065 = 0.275 (actual rounded to 0.272)
2. Trend Structure:
- Weekly level breaks through the 2024 downward trend line (0.272→0.250 connection), price stands above MA(50) 0.225
- RSI(14)=62 (strong area), MACD red bars expanding showing increasing bullish strength
3. Market Sentiment:
- 0.220 area shows "breakthrough pullback - strong support" in volume-price coordination
- Closing price remains above 0.220 for 2 consecutive days (previous low support + Fibonacci 38.2% retracement)
4. Indicator Verification:
- OBV indicator hits a new high for 2024, indicating inflow of funds
- Funding rate +0.185% (positive for 5 consecutive days), futures open interest breaks through 120 million USD
- On-chain data: Net flow from exchanges - 8.5 million coins, whale holdings increase by 28%
This content is for reference only and does not constitute investment advice.