Despite strong selling pressure, LAYER's market value rose roughly

↗6%

over the past week while the number of active traders increased roughly

↗25%

in the past day.

Mixed signals across key metrics

Trading volume declined roughly

↘10.79%

over the past week while the number of active traders increased roughly

↗25%

in the past day, and the asset traded near its 24-hour high at approximately 100.8% of the daily range.

Selling pressure remains elevated

The asset is trading near its 24-hour high even as the ratio of sellers to buyers reached 2.5:1 over the past day, indicating continued pressure despite the elevated price level.

Low market depth creates risk

Market depth stands at just 0.04% of total market value, meaning larger trades could face significant price impact, though ownership is well spread with top holders controlling only 0.8% of supply.

Longer-term context shows challenges

The asset declined roughly

↘88.95%

over the past year while moving lower than Solana Ecosystem peers by varying margins across recent timeframes, with future supply expansion potentially adding roughly 52.5% more tokens.