$LAB /USDT — THE SHORT SQUEEZE OF THE WEEK
If you're wondering why $LAB just printed a +141% candle, look at the liquidation heatmap — **$5.31 million in shorts got absolutely wrecked** in 24 hours . This was a textbook short squeeze: price hit $2.30 before settling at $1.65, and the over-leveraged bears paid the bill.
What's LAB actually about? Don't confuse it with the "Labubu" IP project — this $LAB is a multi-chain AI trading infrastructure offering spot, limit, and perpetual trading powered by an AI research engine . It's a trading platform token, not a meme. Market cap sits around $205M with 24h volume exceeding $115M, so liquidity is real .
Key levels now: After that violent wick, support is building near $1.30–$1.44 — that's where dip buyers are watching. Resistance at $1.70 and the psychological $2.00. Entry chasing here is dangerous; the safer play is waiting for a retracement and confirmation. Momentum is hot but exhaustion is real.
My take: LAB caught a short-squeeze bid, not necessarily a fundamental breakout. Trade the levels, not the hype.
