Layers Price Surge: A 50% Increase in a Week, Yet Analysts Favor a $32M SOL Presale Token for Possible 100x Increases
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The Solayer (LAYER) price has been on a rollercoaster ride recently, surge 51% in the last week and over 1% in the past 24 hours to trade at $3.099 as of 12:20 a.m. EST on trading volume that increased 20% to $285 million.
This surge in the LAYER price occurs even though the Solana ecosystem dropped 4% in the last 24 hours to a $10.3 billion market cap, according to data from CoinGecko.
Is the Solayer Price Bull Run Sustainable - Anticipating a Correction?
The 4-hour chart of the Solayer price reveals a robust and prolonged bullish trend that has been in motion since mid-March. The Solayer price action is confined within a tightly defined rising channel pattern, signifying a healthy uptrend marked by successive higher highs and higher lows.
Recently, the Solayer price surged above the upper boundary of this channel, indicating a potential temporary overextension and possible short-term overheating, according to GeckoTerminal data. LAYER is currently trading at approximately $3.0998, having reached a high of $3.1238, which represents a breakout beyond previous resistance levels.
This latest breakout might indicate strong momentum, yet it also raises the possibility of a brief consolidation or pullback to retest the upper trendline as support.
Meanwhile, the 50-period Simple Moving Average (SMA) is at $2.4967, and the 200-period SMA is at $1.9038. Both are trending upward, with the 50 SMA well above the 200 SMA, indicating a bullish crossover and reinforcing the strength of the uptrend.
The Relative Strength Index (RSI) is sitting at 67.20, just below the overbought threshold of 70. This suggests that, whilst the Solayer price is approaching overbought territory, it has not yet reached an extreme level that would generally trigger a major correction.
Nevertheless, the Moving Average Convergence Divergence (MACD) indicator offers further support to the bullish case. The MACD line is above the signal line and both lines are trending upward.
LAYER Price Forecast
The Solayer price currently tends to be on a strong trend, and due to the positive alignment of the moving averages, along with a bullish confirmation from both the RSI and MACD, the LAYER outlook remains optimistic in the near to medium term.
However, since the Solayer price has broken above the rising channel and the RSI is near overbought levels, a bearish turn or consolidation phase around the $3.00 psychological level or down to the top boundary of the channel (approximately $2.90) would be advantageous before the next leg up.
Should this support hold and purchasing pressure resumes, the next target range could be between $3.30 to $3.50 in the coming sessions.
Conversely, if LAYER slips back inside the channel, the focus would shift to the mid-range support near $2.50, which aligns closely with the 50-period SMA and prior consolidation zone around $1.96.
Meanwhile, investors are flocking to buy a new Solana project called Solaxy (SOLX). A popular YouTube channel, 99Bitcoins, with over 725K subscribers, claims the crypto has the potential to soar 100X after launch.
Solaxy Presale Approaching $33 Million - The Next 100X Crypto?
Solaxy has successfully raised over $32.4 million during its token presale and is a world-first Solana layer 2 blockchain.
The Solana ecosystem is heating up right now, with numerous top gainers in the crypto world being SOL-based. For example, Solana meme coin Pudgy Penguins has increased by 143%. Similarly, OFFICIAL TRUMP rose by 71% and Bonk surged by 25%.
Solana already processes thousands of transactions per second. Its challenge is not slow speeds or expensive fees, but rather handling growing waves of activity as the network scales.
Solaxy, a brand-new crypto project in its presale phase, is engineered to address those issues by implementing off-chain processing mechanisms similar to Ethereum's layer-2 solutions. Platforms such as Arbitrum and Optimism have already proven this method to work effectively.
It's entirely permissible to think about SOLX at night...
We won't say 😉🔥https://t.co/mdaTX9aVVxpic.twitter.com/AZcIvfpiS6
(@SolaxyToken) April 22, 2025
By processing transactions off Solana's main chain, batching them, and submitting them to the mainnet for final confirmation, Solaxy's system increases efficiency.
Upon its launch, Solaxy will also offer a platform for developers to create decentralized applications or launch new tokens without impacting Solana's layer 1 capabilities.
Investors interested in joining the presale can visit the official Solaxy website to buy SOLX tokens for $0.00171 each using BNB, ETH, USDT, or a bank card.
Solaxy also offers holders who stake SOLX an enormous annual yield of 124%.
Interested investors will want to buy SOLX before the next presale price hike in less than 32 hours.
Visit the Solaxy website.
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Download NowJoin Our Telegram channel for the latest breaking news coverage
- The Solaxy (SOLX) presale is approaching $33 million, making it a project investors are eagerly buying, as claimed by the popular YouTube channel 99Bitcoins.
- Solaxy is a world-first Solana layer 2 blockchain, engineered to improve the efficiency of Solana's main network by implementing off-chain processing mechanisms.
- Upon its launch, Solaxy will offer a platform for developers to create decentralized applications or launch new tokens without impacting Solana's layer 1 capabilities.
- Solaxy is offering an enormous annual yield of 124% to holders who stake SOLX, encouraging investors to buy SOLX tokens before the next price hike in less than 32 hours.
