made a big mistake

#Solayer (LAYER) – Market Analysis – 05/05/2025

The LAYER token is priced at $2.97, registering a decline of -9.26% in the last 24 hours. Despite the correction, the medium-term trend remains positive, supported by solid fundamentals and growing institutional interest.

🔍 Technical Highlights:
• Moving Averages: The 50 and 200-day moving averages are rising, indicating a sustained bullish trend.
• RSI: The Relative Strength Index (RSI) is in the neutral zone, suggesting that the asset is neither overbought nor oversold.

📈 Key Levels:
• Resistance: $3.17 – Breaking this level could pave the way for new highs.
• Support: $2.90 – Maintaining above this level is crucial to avoid larger corrections.

🧠 Market Narrative:
Solayer is gaining prominence with the increasing adoption of the restaking narrative, allowing assets already in staking to be reused to secure other networks. This innovative approach is attracting significant attention in the crypto ecosystem.

📌 Conclusion:
Despite recent volatility, Solayer's fundamentals remain strong. Investors should monitor the mentioned support and resistance levels and consider appropriate risk management strategies. $LAYER