Solayer/BNB (LAYERBNB) Market Overview: October 11, 2025

• LAYERBNB opened at $0.000307, reached a high of $0.000307, and closed at $0.0002629, down 14.7%.
• A sharp selloff occurred after 19:00 ET, with price dropping to $0.0002005 amid high turnover.
• Volatility expanded significantly, with Bollinger Band width widening from 0.000003 to 0.000049.
• RSI hit 18, indicating oversold territory, but volume remains weak, suggesting weak follow-through.
• A bullish hammer formed at $0.0002005, but bears regained control with a large bearish candle at $0.0002634.

LAYERBNB opened at $0.000307 at 12:00 ET − 1 and closed at $0.0002629 at 12:00 ET on October 11, with a high of $0.000307 and a low of $0.0002005. Total trading volume amounted to 58,008.61 units, and notional turnover reached $15.46 over the 24-hour period. The pair experienced significant downward momentum following a large bearish candle at 21:00 ET, which marked the start of a volatile and bearish trend that persisted for over 4 hours.

Structure and formations on the 15-minute chart revealed a bearish engulfing pattern at $0.000295–$0.0002749, signaling strong bearish sentiment. A potential support zone developed around $0.0002005–$0.0002615, where two bullish hammers and a small doji formed, suggesting short-term buyers attempted to push the price higher. Resistance levels were observed at $0.0002749, $0.000295, and $0.000307, with key breakouts and breakdowns aligning with these levels over the course of the day.

Moving averages indicate a strong bearish bias. On the 15-minute chart, the 20-period and 50-period SMAs crossed below the price around 21:00 ET and remained below throughout the session. For daily charts, the 50, 100, and 200-day SMAs were not fully available in this data window, but the 50-period MA would likely appear below the 100 and 200-period lines if extended, reinforcing the bearish trend.

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The 15-minute MACD line fell below the signal line at 21:00 ET, confirming a bearish crossover. The RSI dropped to 18 at the session low, indicating the market was oversold, though volume remained weak, suggesting limited conviction in a reversal. Bollinger Bands showed a sharp expansion as the price dropped to $0.0002005, with the closing price at $0.0002629 sitting well below the midline. This suggests heightened volatility and potential for a retracement within the bands in the near term.

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Backtest Hypothesis

A potential backtest strategy could involve a short entry on a bearish engulfing pattern with confirmation via a close below the 50-period SMA, coupled with an RSI reading below 30 and increasing volume. A stop-loss could be placed above the high of the engulfing pattern, with a target at the next Fibonacci level at 61.8% of the swing, approximately $0.000182. This setup would align with the bearish momentum observed in the 15-minute chart and could be tested over multiple daily cycles for statistical validity.

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