Layers Experiences 115% Growth Spike Since April - Examining LAYER's Upcoming Strategy
Solayer [LAYER] is creating a buzz in the crypto world with its stellar performance, outshining even Bitcoin [BTC] and Ethereum [ETH] amid the bearish market.
On May 4, when major cryptos were struggling to gain traction, LAYER jumped an impressive 12%, stealing the spotlight. Since April 2025, this asset has skyrocketed by 115%, showing no signs of slowing down.
LAYER Price Spikes, Volume Booms
Currently, LAYER is trading close to $3.25, up 12% on the day. Intriguingly, its 24-hour trading volume surged by 135% compared to the previous session. This price surge and volume increase suggest a robust bullish trend.
In contrast, most large-cap cryptos dipped: BTC dipped 0.78%, ETH slid 0.25%, Solana [SOL] fell 1.56%, and Ripple [XRP] slipped 0.43%.
Strong Bullish On-Chain Metrics
Despite the upward momentum, LAYER exchanges have seen consistent outflows, suggesting potential accumulation. CoinGlass data indicates that $22.5 million worth of LAYER tokens left centralized exchanges in the last 24 hours.
Such outflows during a bearish market indicate a bullish signal and may cause increased buying pressure and further LAYER price increases.
Traders Bet on the Long Side
The bullish trend in LAYER continues to attract traders, as shown by on-chain analytics firm CoinGlass. The Solayer Long/Short Ratio stands at 1.22, signifying a strong bullish sentiment among traders. At present, 55.04% of traders are betting on the long side, while 44.96% are on the short side.
Solayer Price Action & Key Levels
According to our technical analysis, LAYER seems poised for further upward momentum due to its bullish price action. On the four-hour time frame, LAYER recently broke out from a bullish flag and pole pattern, initiating a sustained rally.
If the current momentum continues, LAYER could climb another 45% in the coming days, based on prior breakout behavior and historical upside extensions. Although, it's essential to keep an eye on key levels like $3.102 (support) and $3.35 (resistance), which signal areas of elevated leverage and potential volatility.
With bulls seemingly in control, there's a strong possibility that LAYER will maintain its upward momentum in the near future. However, factors like price crashes, token unlocks, and changes in market sentiment can affect its performance.
[1] Data source: CoinMarketCap[2] Data source: TradingView[3] Data source: CoinGlass[4] Data source: DigitalCoinPrice[5] Data source: CoinDesk
Note: Always conduct thorough research before investing in any cryptocurrency. This article is not financial advice.
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- Despite the bearish market, Solayer [LAYER] has outshone Bitcoin [BTC] and Ethereum [ETH], even jumping 12% on May 4 when other cryptos struggled.
- In the crypto market, LAYER has surged by 115% since April 2025, indicating a robust bullish trend.
- Currently, LAYER is trading near $3.25, a significant increase from its previous volume, which surged by 135% compared to the previous session.
- Contrastingly, major cryptos like BTC, ETH, Solana [SOL], and Ripple [XRP] have dipped during this period.
- On-chain data suggests potential accumulation as LAYER exchanges have seen consistent outflows, with $22.5 million worth of tokens leaving centralized exchanges in the last 24 hours.
- The bullish trend in LAYER is reflected in the Solayer Long/Short Ratio, which stands at 1.22, indicating a significant bullish sentiment among traders.
- According to technical analysis, LAYER seems primed for further upward momentum due to its bullish price action, with a possible 45% increase in the coming days.
- However, factors such as price crashes, token unlocks, and changes in market sentiment can affect LAYER's performance. Always conduct thorough research before investing in any cryptocurrency, as this article is not financial advice.
