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⚡ $LAYER /USDT — Reversal Attempt After Prolonged Bleed 📉

CryptoPotato

Updated at: 5 hours ago

{"content":"⚡ $LAYER /USDT — Reversal Attempt After Prolonged Bleed 📉 Trend Context: LAYER has been trapped in a steady downtrend since early May, forming consistent lower highs and lower lows. However, the most recent 4H candle broke above both the 7 EMA and 25 EMA, with price currently pressing against the 99 EMA resistance. 🧱 Support Zone: $0.62 – $0.64: This area acted as a short-term base. A break below would likely resume the downtrend. 🚀 Upside Targets (on breakout continuation): Target 1: $0.72 First resistance is the 99 EMA and previous swing rejection zone. Target 2: $0.80 – $0.82 Psychological level and minor supply zone from early June. Target 3: $0.94 – $1.00 Strong resistance from May's downtrend structure. This would be a major reversal confirmation level. 🔍 Key to Watch: A 4H close above $0.71 (99 EMA) with volume would validate bullish momentum. Otherwise, price may get rejected and range sideways between $0.64–$0.71. ⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/21/44c02c4447a7411a879bc90397e1dd12.png"],"tags":[],"tradingPairs":["LAYER/USDT"],"quotearticleid":0}

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