Layer3 increases initial airdrop to 7.5% of total supply ahead of token launch
- Layer3 Token Release: Layer3 Foundation increases the initial airdrop to 7.5% of total supply for its omnichain infrastructure project.
- Tokenomics Details: The total supply of L3 tokens is set at 3,333,333,333 with distribution plans for community, core contributors, investors, and advisors.
- Airdrop Allocation: 6% of the total token supply goes to early adopters and S1 program participants, while 1.5% is for S2 reward program participants.
- Funding and Expansion: Layer3 secures $15 million in Series A funding for team expansion and operations growth, targeting the Asia-Pacific region.
- Snapshot Date: Eligibility for the airdrop was determined based on a snapshot taken on May 10, 2024, as Layer3 prepares for its summer token launch.
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Technical Analysis for L3
Technical Sentiment Analysis for Layer3 (L3) As of , Layer3 (L3) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for L3 stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, L3 is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Layer3 (L3) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00152 | 0.00421 | 0.00636 | 0.00905 | 0.0112 | 0.0139 | 0.016 |
| Fibonacci | 0.00421 | 0.00606 | 0.0072 | 0.00905 | 0.0109 | 0.012 | 0.0139 |
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