Solayer (LAYER) Price Prediction: Can $1.10 Hold or Is $1.20 the Next Target?

Solayer (LAYER) has been on a strong upward trend, surging 22.7% in the past 24 hours to reach $1.07. The price has been moving within an ascending channel, consistently breaking through resistance levels. On the 5-minute and 1-hour charts, Solayer has pushed past the $1.05 mark, testing $1.09 as a key resistance level.

Technical indicators confirm this bullish momentum:

The 9-period SMA (1.0567) and EMA (1.0562) are aligned, supporting the uptrend.
Bollinger Bands (BB) show a widening range, indicating increased volatility and potential for further upward movement.
Trading volume has spiked significantly, confirming strong market interest and sustained buying pressure.

If bulls maintain control, $1.10 could turn into a strong support level, with a potential rally toward $1.20 in the coming days. However, a failure to hold above $1.05 could result in a temporary pullback toward $1.00 before the next leg up.

Key Technical Indicators: Strength in Momentum

Solayer’s recent price surge is backed by solid technical support:

Moving Averages: The 9-period SMA and EMA are trending upward, signaling continued bullish momentum.
Bollinger Bands: The price is riding the upper BB, indicating strong buying activity. However, a retracement may occur if it extends too far above the upper band.
Volume Surge: The 24-hour trading volume is $396 million, suggesting high liquidity and active market participation.
Resistance Levels: The key resistance at $1.09 has been tested multiple times. A breakout above this level could lead to the next target at $1.15 – $1.20.
Support Levels: The nearest support sits at $1.05, followed by a stronger level around $0.98 – $1.00, where buyers could step in if a correction occurs.

Overall, momentum remains bullish, and as long as Solayer holds above key moving averages, higher price targets remain within reach.

Price Prediction: Can Solayer Reach $1.20 or Higher?

Based on the current technical setup, Solayer has two primary scenarios for its next move:

Bullish Case: If buyers push the price above $1.09, the next resistance stands at $1.15 – $1.20. Given the volume surge and expanding Bollinger Bands, this is a likely scenario.
Bearish Case: If Solayer fails to hold above $1.05, a minor correction to $1.00 or $0.98 is possible. However, the overall trend remains positive unless the price falls below $0.95, which would indicate a deeper retracement.

Conclusion:

With strong momentum, increasing volume, and solid support levels, Solayer remains in a bullish phase. If buyers maintain control, the price could soon test $1.20 and beyond, making this an important moment for traders watching resistance levels closely.