🚨 $LAB Crashes 61% From Top: Why 9.35 Might Not Be The Bottom Yet:
#LABUSDT is down 14.56% today at 9.352 after wicking to 8.572. That is a 61% drop from the 24.3998 high.
⚡ Why is it still crashing?
The chart tells the story. LAB pumped to 24.3998 then dumped hard to 5.8231. Every bounce since has been weaker. It lost 13.0287, then 17.1297, and now it can’t hold 9.35. The yellow line shows the downtrend is still intact with lower highs and lower lows.
Volume is still heavy at 444.96M USDT in 24h. That means sellers are not done. Big red candles on the way down show panic, not accumulation. There’s no real support until 5.8231 to 5.7586 from the last crash wick.
Until #LAB breaks this downtrend and reclaims 13.0287, the path of least resistance is down. Buyers who got trapped at 17 and 21 are still underwater and likely selling every small pump.
Next level to watch: 8.572 must hold. Lose it and we test 5.8231 fast. Only a reclaim of 13.0287 flips the trend back to bullish.
Trade from here before DYOR 👇
