LAB MARKET STRUCTURE UPDATE 🚀

I'm tracking $LAB closely as volume expands, with a 29.90% gain in the last 24 hours, indicating a potential upside of over 10% to reach the upper end of the range 📈. The current price of $7.9672 is hovering around the mid-range of $7.3615, which shouldn't lead to a significant increase in liquidity pools if the resistance zone is breached ⚡. As $LAB breaks out of its support zone of ~$6.1606, it's crucial to assess the order blocks and volume profile to identify potential market structure shifts, with $603.68M in 24-hour volume supporting this momentum, a clean breakout above the resistance zone could drive the price higher, potentially leading to a 12% move to the next significant level 🟢.

The resistance zone of ~$8.5501 is a key level to watch, and a bounce from the mid-range could lead to a retest of this zone, with a potential for a 15% move if the resistance is breached 🚀. I'm monitoring $LAB's price action as it approaches the resistance zone, with funding rates and VWAP alignment supporting the bullish sentiment 📊.

DYOR

#LAB #GENERAL_ALTCOIN #Crypto #BinanceSquare