Solayer (LAYER) is currently priced at $2.74, reflecting a significant 25.37% increase in the last 24 hours. The price has shown a strong daily range with a low of $2.18 and a high of $2.76, indicating high volatility and investor interest.

The trading volume stands at 266,503,623, contributing to a substantial Vol/Market Cap ratio of 46.02%, suggesting robust market activity relative to its overall market capitalization. The hourly moving averages are all trending positively, with the 8 SMA at $2.49 showing a 10.06% increase, which supports a bullish short-term outlook.

The 1-hour Relative Strength Index (RSI) is notably high at 85, signaling that LAYER may be overbought in the immediate term. However, the 7-day RSI at 60 indicates that while the asset is strong, it is not yet in overbought territory, allowing for potential further gains in the medium term.

Over the past week, LAYER has appreciated by 35.13%, while the 14-day and 30-day price changes of 56.76% and 88.77%, respectively, reflect strong upward momentum. The current price is close to its all-time high of $2.75, reached on April 26, 2025, highlighting a key resistance level that could impact future price action.

Given the current bullish momentum, strong volume, and positive moving averages, a short-term pullback might be anticipated due to the high 1-hour RSI. However, the overall trend remains positive, and potential further price increases are likely as long as it holds above key support levels.

In conclusion, given the strong technical indicators, substantial trading volume, and overall bullish sentiment, I recommend a Buy rating for Solayer (LAYER). Investors should watch for any signs of reversal near the all-time high but can capitalize on the current upward trend in the short to medium term.