LAB/USDT 4H Technical / Price Action Analysis:
Structure:
LAB/USDT is accelerating within an ascending channel after reclaiming the upper trendline. Price is trading at $6.42, up 38.85% in 24h, approaching the prior high at $7.77. Volume has expanded alongside the move, confirming demand.
Key Levels:
Resistance:
Channel top near $6.80-$7.00. Major swing high and liquidity grab at $7.77.
Support:
Upper channel trendline now acting as support around $5.80-$6.00. Mid-channel support at $4.40.
Current Price:
$6.42, consolidating after a strong push.
What’s Next?
Bullish Case:
A 4H close above $6.60 would confirm continuation and target a retest of $7.77. Breakout above $7.77 opens price discovery toward $8.15. Momentum favors bulls while price holds above the channel.
Bearish Case:
Rejection at the channel top could trigger a pullback to the $5.80-$6.00 retest zone. Loss of that level risks a deeper correction toward $4.40.
Note:
This is a breakout continuation setup within a defined uptrend. Watch for a 4H close relative to the channel boundary to confirm direction. Volatility remains elevated.
Trend structure remains intact while higher lows hold.
Trade from here before DYOR 👇
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