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After the recent surge in trading volume and price rally, $LAYER has entered a consolidation phase near the top. The price is now holding steady above 0.23, with the MA7, MA25, and MA99 moving averages at (0.226/0.209/0.205) all below the current price, indicating a continued bullish technical trend.



Looking upwards, if the price can break through the 0.245–0.250 resistance zone with strong volume, there’s room to move up to the 0.27–0.3 range. On the downside, keep an eye on the 0.220–0.225 support; if that level is broken, it will be crucial to see if the strong support at 0.210 can hold.

Trading volume is clearly skewed toward buyers, and the MACD continues to expand above the zero line, giving bulls a temporary advantage. However, since the price is already approaching previous highs, it’s recommended to wait for a pullback to confirm support before chasing further, and avoid buying at the top.
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WagmiAnonvip
· 11-22 08:56
Wait for a pullback to enter a position, otherwise catching a falling knife at the top will be the end.
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MetaverseMortgagevip
· 11-22 08:56
It’s been ranging for so long, why hasn’t it broken out yet? It’s driving me crazy.
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LiquidityWhisperervip
· 11-22 08:54
The sideways grinding top trap is here again, still need to wait for a pullback confirmation before daring to act.
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SchrodingerPrivateKeyvip
· 11-22 08:47
How many people will have to bear the aftermath of catching a falling knife at the top?
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