{"content":"$LAYER Down 2.48% in 24h, extending a 7.88% weekly decline. Key factors: Token Unlock Pressure – $17.44M LAYER entered circulation this week, increasing sell-side risk. Technical Weakness – Price below critical moving averages ($0.57–$0.62) signals bearish momentum. Altcoin Sentiment – Neutral market-wide risk appetite (Altcoin Season Index: 46/100) limits recovery. Deep Dive 1. Token Unlock Impact (Bearish) Overview: A $17.44M LAYER token unlock occurred this week , part of a broader $653M crypto unlock wave. Unlocks historically correlate with price dips due to increased circulating supply and potential profit-taking. What this means: Newly unlocked tokens (≈3% of LAYER’s $159M market cap) dilute holder value. This follows a May 2025 unlock that preceded a 64% price drop from $3.35 to $1.2, setting a bearish precedent. What to look out for: Exchange inflow spikes or whale wallet movements signaling sell-offs. 2. Technical Breakdown (Bearish) Overview: LAYER trades at $0.563, below its 7-day SMA ($0.573) and 30-day SMA ($0.619). The RSI-14 (43.01) shows oversold conditions but lacks bullish reversal signals. What this means: The MACD histogram (-0.0014) confirms bearish momentum. A sustained break below the 23.6% Fibonacci retracement ($0.679) suggests traders are defending lower support zones. 3. Market-Wide Risk Aversion (Mixed) Overview: Crypto fear/greed sits at 53/100 (neutral), with Bitcoin dominance rising to 57.55% as capital rotates away from alts. What this means: LAYER underperformed the broader crypto market (-2.48% vs. -0.41% total market cap) due to its lower liquidity (turnover ratio: 0.166 vs. market average 0.33). Conclusion Solayer’s drop reflects project-specific dilution from token unlocks and weak technicals, amplified by cautious altcoin sentiment. Key watch: Can LAYER hold the $0.534 Fibonacci swing low, or will supply overhang trigger a retest of May 2025’s $0.6 support? @solayer_labs #BuiltonSolayer $LAYER ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/24/d0ba6c87c24744a69c19250a450c5941.png"],"tags":[],"tradingPairs":["LAYER/USDT"],"quotearticleid":0}