- In the last 24 hours, the LayerAI crypto price has witnessed an increase of 0.7%.
- LayerAI is a ZK layer-2 blockchain that powers artificial intelligence.
UniLayer (LAYER) is a decentralized trading platform that enhances Uniswap with advanced features. It allows users to trade, stake, and manage liquidity with its LAYER token. It also provides charts, analytics, and order books for a better trading experience. UniLayer has a low market cap and a high volume/market cap ratio.
The LAI crypto’s largest part is traded in the USDT pair, which constitutes 91.62% of the overall volume, while the rest is traded with ETH and BTC pairs. The current market cap dominance of the crypto is 0% as the ranking of the crypto is very low.
The volume/market cap ratio of the UniLayer crypto is 0.1836 and the spot trading volume of LAI crypto has risen by 69.41% in the last 24 hours. Moreover, the market cap of the crypto has increased by 2.9%.
LAYER Token Overview
The UniLayer token has a total of 4.6K holders followed by a total of 121.23K transfers. LAI token has a circulating supply market cap of $1.241 Billion. Additionally, the fully diluted market cap of the LAYER token is $1.908 Billion while the max total supply of the crypto is 40.0 Million LAYER.
LAYER Crypto Technical Analysis
The LAI crypto price is facing resistance at higher levels, resulting in a slight decline in the price. Moreover, the price has declined to a very crucial support level and it is reflecting bearish price action on the charts. If the price breaks below the level of $0.042, it might lead to a continuation of the downtrend.
LAYER/USD Chart By TradingView
Following a slow and steady decline in the trading price of the crypto, the EMAs are giving a sell signal as they are forming a death cross pattern. The LAYER crypto price has declined below the 50-day and the 200-day EMAs.
The MACD on the daily timeframe chart of UniLayer crypto is also giving a strong sell signal. The signal line and the MACD line are situated below the zero level, indicating a strong bearish pressure.Â
Conclusion
UniLayer has a low market cap, a low volume/market cap ratio, and a low ranking. The price has dropped to a critical support level and the indicators are giving a sell signal on the daily chart. It indicates that the crypto is witnessing selling pressure and this might lead the price to fall to lower levels in the future.
Technical Levels
- Support levels– $0.1900 and $0.0420
- Resistance levels– $0.1130 and $0.21510
Disclaimer
The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.