The stock $LAYER is currently trading at a level of $0.1653, achieving a slight increase of 3.18%, with a clear consolidation appearing on the hourly timeframe. The price is moving within a narrow range after the recent volatility wave, stabilizing above the short-term support area, reflecting a relative control over the price movement and a lack of clear selling pressure.
This price behavior indicates a phase of calm and accumulation, often preceding a continuation of movement in its main direction. As long as the price remains above support, the preference remains for a gradual upward scenario.
Technical levels:
Support: $0.1585
Resistance: $0.1632
Trading setup (Buy):
Entry zone: $0.1598 – $0.1622
First target: $0.1645
Second target: $0.1680
Third target: $0.1725
Stop loss: $0.1568
📌 Note:
The trend remains slightly bullish as long as the price stabilizes above the support level. It is advised to trade patiently with strict risk management, as a clear breakout above resistance may drive the price into a larger upward acceleration.
LAYERUSDT
Perp
0.1789
+10.91%