$LAB has dropped sharply to around 12.232 after a -29% move in 24 hours, where it is now attempting to stabilize near 1H support. Price reaching the lower Bollinger Band along with an oversold RSI suggests short-term exhaustion in the selling pressure, and buyers are beginning to step in at these levels.
LAB
Alpha
13.49
+0.95%
Open interest has declined by 8.68%, indicating that positions are being closed after the sell-off, while heavily short positioning from retail adds the potential for a counter-trend bounce if momentum shifts. However, funding remains neutral, so there is no strong directional bias from derivatives at this stage.
The setup now depends on whether LAB can hold above current support and build a recovery structure. If buyers maintain control, a relief bounce toward higher resistance levels becomes possible.
However, if price loses 11.95, the bullish bounce scenario is invalidated and further downside could follow. Overall, this is a high-volatility zone where confirmation is more important than prediction.
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