{"id":632478,"date":"2025-03-04T05:53:58","date_gmt":"2025-03-04T05:53:58","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=632478"},"modified":"2025-03-04T05:53:58","modified_gmt":"2025-03-04T05:53:58","slug":"solayer-price-prediction-layer-defies-market-slump-with-16-pump-but-experts-say-this-solana-layer-2-crypto-could-surge-100x","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/solayer-price-prediction-layer-defies-market-slump-with-16-pump-but-experts-say-this-solana-layer-2-crypto-could-surge-100x","title":{"rendered":"Solayer Price Prediction: LAYER Defies Market Slump With 16% Pump, But Experts Say This Solana Layer-2 Crypto Could Surge 100X"},"content":{"rendered":"

The Solayer price pumped 16% in the past 24 hours to trade at $0.98 as of 11:24 p.m. EST on trading volume that skyrocketed 301% to $569 million.<\/span><\/p>\n

The surge comes despite the crypto space encountering a dip, with its market capitalization dropping 12% to $2.8 trillion, according to <\/span>Coingecko<\/span><\/a> data.<\/span><\/p>\n

Solayer Price Aims For A Sustained Rally<\/b><\/h2>\n

The <\/span>LAYER price<\/span><\/a> has been following a clear ascending channel, indicating sustained bullish momentum.<\/span><\/p>\n

This upward trend began after a period of consolidation around a strong support level near $0.6429. The Solayer price has steadily climbed, with higher highs and higher lows, confirming the uptrend.<\/span><\/p>\n

A Fibonacci retracement tool is overlaid on the chart, highlighting key levels of support and resistance. The price of LAYER has tested and retraced from the 0.236 Fibonacci level ($1.0260), indicating that this is a significant resistance point.<\/span><\/p>\n

However, it remains above the 0.382 ($0.9528) and 0.5 ($0.8936) levels, which could act as support zones in case of a pullback, as <\/span>GeckoTerminal<\/span><\/a> data shows. <\/span><\/p>\n

The uptrend is also supported by the 50-day Simple Moving Average (SMA) at $0.9146 and the 200-day SMA at $0.7918, with the price of Solayer currently trading well above both. This alignment confirms that the market is in a bullish phase.<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) is currently at 55.06, which is neutral but leaning bullish. The current RSI suggests that there is still room for further upside before another strong correction occurs.<\/span><\/p>\n

\"Solayer
LAYER\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

LAYER Remains Bullish<\/b><\/h2>\n

Overall, LAYER remains bullish, with strong support from moving averages and Fibonacci levels. <\/span><\/p>\n

If the Solayer price maintains support above $0.9528 and breaks through the $1.0260 resistance, it could push toward $1.1444 and possibly higher.<\/span><\/p>\n

Conversely, if the price of LAYER fails to hold above the 0.382 Fibonacci level ($0.9528), it could retrace to the 0.5 level ($0.8936) or even test the 0.618 support ($0.8345).<\/span><\/p>\n

A breakdown below $0.8345 would weaken the bullish structure and could signal a trend reversal.<\/span><\/p>\n

Meanwhile, as the Solayer price aims for a continued surge, investors are buying a new Solana meme coin called <\/span>Solaxy (SOLX)<\/span><\/a>, which popular YouTube channel 99Bitcoins, with over 725K subscribers, says has the potential to soar 100X post-launch.<\/span><\/p>\n