$LAB is showcasing an incredibly strong parabolic expansion on the 4-hour chart, breaking out violently from its long-term accumulation base around 4.45. The price has skyrocketed over 34%, rallying up to tag a significant psychological barrier at 8.00 before experiencing a minor, healthy pullback to its current trading price of 7.65.
The aggressive nature of the green candles demonstrates absolute buyer dominance, with little to no selling pressure on the way up. As the asset approaches overextended territory, a brief period of consolidation or a technical retest of the 7.16 support zone wouldn't be surprising to build a stronger foundation. If bulls manage to break and hold above 8.00, it opens up a massive price discovery phase toward higher targets.
LABUSDT
Безсрочно
7.7749
+24.38%
Target 1: 8.00
Target 2: 8.50
Target 3: 9.20