0.1203 of LAYER, do you want to buy the dip?

It rose 41% in 7 days, with a 250 million USD trading volume in 24 hours, turnover rate nearly 500%—but just now, the price dropped 16% from the high, RSI fell to 37, MACD dead cross, and 12.5 million tokens will unlock in 5 days. On one side is the hardcore narrative of “hardware acceleration to 1M TPS,” and on the other side is unlocking selling pressure + liquidity black hole.

First look at the surface: rounded bottom breakout, volume expansion rebound.

It gained 41% in the past 7 days, from 0.083 to 0.12, daily chart recovers SMA100, descending wedge was broken through. The candlestick shows: the bottom might be in, the rounded bottom neckline is at 0.14, breaking through it could reach 0.17-0.22. 24-hour volume is 250 million USD, market cap is only 25-53 million USD.

First thing: the technical narrative is solid, not air.

Solayer is building hardware-accelerated InfiniSVM, using Infiniband RDMA + multi-execution model, targeting 1M TPS, microsecond-level latency. Faster than Solana by an order of magnitude, solving the “chain congestion” pain point. Solayer Pay is already live in app stores, TVL is 20.47 million, sSOL annual yield is 5.78%, with 300k users.

Second thing: unlocking pressure is like a sword hanging overhead.

On May 4, 2.3 million USD was unlocked, and the industry-wide 621 million USD unlocking wave has not yet been digested. On May 16—that is, in 5 days—another 12.5 million LAYER tokens will be released, accounting for 1.25% of the total supply.

Third thing: dangerous signals appear on the technical side.

Within 24 hours, it dropped 13.5%, RSI plummeted from high levels to 37, MACD crossed negatively, and the price failed to hold short-term moving averages. This is a typical “buying exhaustion + bearish rebound.”

One side is:

- Hardware acceleration to 1M TPS, the strongest performance narrative in the Solana ecosystem

- Solayer Pay landing, TVL over 20 million, 300k users

- Daily rounded bottom + descending wedge breakout, 41% rebound

- 73% community bullish, shouting “momentum building” on X

The other side is:

- 12.5 million tokens unlocking in 5 days, selling pressure imminent

- 13.5% drop in 24h, RSI 37, MACD dead cross

- Market cap only 25-53 million, liquidity extremely poor, sell-offs relentless

- Down 96% from ATH, countless trapped positions above

Key level: 0.12, the blade of bulls and bears fighting.

Resistance above: 0.136 → 0.14 (neckline of rounded bottom, critical line) → 0.17-0.22

Support below: 0.084 (rebound start point) → 0.078-0.077 (strong demand zone, break below invalidates)

Short-term traders:

If volume expands and a bullish candle stabilizes in the 0.118-0.122 range, try small positions long, stop-loss at 0.077 (-35%, don’t hold). First target is 0.136, if it breaks 0.14, add more at 0.17.

If you are bearish: in the 0.13-0.136 zone, a volume spike with a bearish candle + RSI divergence can be a light short, stop-loss at 0.146, target 0.078.

Long-term believers:

Wait until this unlock wave is over, buy in batches in the 0.08-0.09 range. The premise for reaching 0.5-1.0 USD by the end of 2026 is: InfiniSVM mainnet data explosion + Solana bull market + thorough unlocking digestion. But be prepared for another 50% drop.

LAYER now is like WIF in 2024—

The more seductive the narrative, the bloodier the liquidity. Before that May 16 knife falls, don’t rush to buy the dip. #Gate广场五月交易分享 $BTC $ETH $LAYER