$LAB ($0.098934) - DOWNTREND PRESSURE
Market Overview
LAB is under pressure with a -7.25% drop in the last 24 hours. The price is currently fighting to maintain a key psychological level below the $0.10 mark, suggesting significant selling interest.
Volume/Liquidity: Moderate.
Trend: Bearish (Significant 24h drop).
Market Cap: $526.96M.
Key Support and Resistance
Immediate Resistance: $0.10 (Psychological and recent failure point).
Immediate Support: $0.095 (Must hold to prevent a steeper decline).
Major Support (Demand Zone): $0.080 - $0.085 (Critical floor for a market reversal).
Next Move
The immediate next move is critical: either a quick bounce back above $0.10 to stabilize, or a continuation of the downtrend toward the strong demand zone at $0.080. A close below $0.095 is a strong bearish sign.
Trade Targets (TG)
Short Entry Target: If $0.095 breaks, target TG1: $0.085.
Long Entry Strategy: Wait for a confirmed bottom/bounce near the $0.080 - $0.085 zone.
TG1 (Bounce Entry @ $0.085): $0.10
TG2: $0.115
TG3: $0.13+
Short & Mid-Term Insights
Short-Term: Bearish. Sellers are active. Avoid new long positions until a clear base is formed.
Mid-Term: The $0.080 - $0.085 area is a strong buy-back opportunity for mid-term holders, provided the overall market sentiment improves.
Pro Tip
A psychological level like $0.10 often acts as a magnet. If the price reclaims $0.10 quickly after a dip below it, it can be a strong signal for a sharp reversal.
