๐Ÿ“Š LAYER/USDT Analysis (6H)



๐Ÿ”ป Technical picture:

Figure: descending wedge (bullish pattern) โ†’ often signals a potential reversal upward.

Current price: $0.5836 (slight decrease -0.48%).

Resistance:

โœ”๏ธ $0.5959 (Ichimoku cloud).

โœ”๏ธ $0.6073 (MA99).

Support:

โœ”๏ธ $0.5611 (Ichimoku).

โœ”๏ธ $0.5326 (SAR).

Indicators:

โœ”๏ธ The price is trying to break out of the wedge upwards.

โœ”๏ธ MA7 and MA25 are almost crossing โ†’ signal for growth upon consolidation.

โš ๏ธ The price is currently below MA99, the overall trend is bearish.

๐Ÿ“ˆ Scenario:

Breakout and consolidation above $0.60 โ†’ growth to $0.65โ€“$0.70.

Decline at $0.59 โ†’ return to $0.56โ€“$0.53.

๐Ÿ” Fundamental (Solayer)

โœ”๏ธ Protocol for restaking and liquid restaking on Solana.

โœ”๏ธ Users can stake SOL or LST โ†’ earn income and support AVS (Actively Validated Services) and related solutions.

โœ”๏ธ The direction of restaking is one of the top topics (similar to EigenLayer in Ethereum, but for Solana).

โœ”๏ธ Support for Solana infrastructure makes the project promising against the backdrop of the growing DeFi and LST trend.

๐Ÿš€ Strengths:

Restaking + LST โ€” hot niche (high interest).

A strong Solana ecosystem, high speed, low fees.

โš ๏ธ Risks:

A young project, dependence on the Solana ecosystem.

High competition among restaking protocols.

๐Ÿ”ฅ Result:

Technically: the wedge gives a chance for a upward rebound upon breaking $0.60.

Fundamentals: a project on the hype trend (restaking), strong connection with Solana.
LAYER-5.21%
SOL-3.53%
EIGEN-6.58%
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ComeOnEveryDayvip
ยท 08-24 04:02
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THE_BLACKHAT_WHALESvip
ยท 08-24 03:18
Bull Run ๐Ÿ‚
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THE_BLACKHAT_WHALESvip
ยท 08-24 03:18
Bull Run ๐Ÿ‚
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GateUser-4b660188vip
ยท 08-24 00:44
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MoneyALotvip
ยท 08-24 00:42
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Crypto_Boyzvip
ยท 08-24 00:33
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ๅธๅœˆ้‡Œ็œ‹ไบบ็”Ÿvip
ยท 08-24 00:25
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Myanuovip
ยท 08-24 00:24
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ยท 08-24 00:21
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JintuFuluvip
ยท 08-23 15:06
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