LAB PRICE ACTION COLLAPSE 📉💸
The $LAB coin is experiencing a significant decline in price, driven by a strong momentum acceleration to the downside, with the price reaching $13.7110, and the 24h volume reaching $269.57M, indicating a surge in interest and participation in the $LAB market 📉. This move has been fueled by a breach of key support levels and order blocks, and the $LAB coin is currently testing the lower range zone of $13.0871, which is a crucial level to watch for potential reversal or further decline 📊.
The current price action suggests a bearish trend, with the $LAB coin struggling to find support, and the mid range area of $15.4940 now acting as resistance, which could potentially lead to further downside momentum 📈. The $LAB coin needs to break above the resistance zone of $17.8762 to regain bullish momentum, but for now, the trend remains bearish, with the $LAB coin at risk of further decline 📉.
Levels to monitor:
Watching support around $12.50
Structure suggests resistance near $15.50
Mid range area: $14.50
DYOR
Follow for Updates
#LAB #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
The $LAB coin is experiencing a significant decline in price, driven by a strong momentum acceleration to the downside, with the price reaching $13.7110, and the 24h volume reaching $269.57M, indicating a surge in interest and participation in the $LAB market 📉. This move has been fueled by a breach of key support levels and order blocks, and the $LAB coin is currently testing the lower range zone of $13.0871, which is a crucial level to watch for potential reversal or further decline 📊.
The current price action suggests a bearish trend, with the $LAB coin struggling to find support, and the mid range area of $15.4940 now acting as resistance, which could potentially lead to further downside momentum 📈. The $LAB coin needs to break above the resistance zone of $17.8762 to regain bullish momentum, but for now, the trend remains bearish, with the $LAB coin at risk of further decline 📉.
Levels to monitor:
Watching support around $12.50
Structure suggests resistance near $15.50
Mid range area: $14.50
DYOR
Follow for Updates
#LAB #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare