Layer3 Can Grow 600% Easily (1,000%+ Possible) · Weekly & DailyWe are going to start by looking at the weekly timeframe. After we do a deep analysis on this scale we will move to the daily.
Layer3 (L3USDT) produced its main low in September 2024 after it started trading. We can consider this the market bottom. After this low a bullish wave develops and totals +330%. The peak happened in November 2024. After a bullish wave, there is always a correction and that's exactly what happened for L3USDT.
The correction produced a low that ended 10-March 2025. This is the first low after September 2024 and ended up as a higher low, which means bullish. Buyers were present on the drop and bought before sellers were able to compromise the previous support, our market bottom.
The reaction to this support zone holding produced 300% growth within 3 weeks. Then the same dynamic plays out again. A bullish move is followed by a correction.
The new correction, starting after the late March high, ended the 16-June week. This low moves lower compared to 10-March but the candle/session ends up closing higher. Above the 10-March week wick low, a signal of strength.
When comparing June 2025 vs September 2024 we have a long-term higher low and this supports a bullish bias and a new bullish wave. Just like March but this time stronger.
Now L3USDT has been green three consecutive weeks, this is good. A local downtrend has been broken and seeing how the overall market is doing, the rest of the altcoins, we can expect strong growth. Layer3 is set to move and is already moving, bullish momentum will only build-up.
The targets on the chart are all high probability. The first two are very easy targets. So 600% can happen easily mid-term, which is within 3 months (90 days). The remaining target should be considered long-term.
Daily Timeframe:
The daily timeframe is basically the same. The bullish bias is early but very strong based on multiple reversal bottom patterns and the break of a local downtrend.
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