$LAB Price ripped up to a local top around $21.17, then rolled over hard into a steep selloff that bottomed near $5.60 about a 73% drawdown from the high. From there it's staged a sharp V-shaped recovery, jumping back to $14.26, which is a +135% move on the day, backed by a big green volume candle on the far right of the chart.
On momentum, RSI(6) is sitting at 73.3, which is solidly overbought after that vertical bounce the move happened fast. MACD just flipped bullish too, with the histogram turning green and DIF crossing above DEA, so short-term momentum is lining up with the price action.
Trend-wise, price just reclaimed the EMA(25) around 10.77 and EMA(99) around 12.94, both of which had been capping price on the way down, so this is a meaningful level to watch if it holds. It's also back above the Bollinger mid-band (~9.51) and pushing up toward the upper band (~14.24), meaning it's trading near the top of its recent range again.
Volume backs this up somewhat current volume is 2.58M against a 5-period average of 2.89M and 10-period average of 2.09M, with a clear spike on the reversal candle. That's a decent sign it's not just a thin, low-liquidity pop.
Overall this looks like a capitulation-style bottom followed by a fast reversal, now testing whether it can actually reclaim the levels that broke down earlier. The overbought RSI is the main thing to watch moves this steep often cool off or consolidate before going further.
Also worth keeping in mind this is a small-cap, high-volatility token (market cap around $6.4B, FDV near $14.2B at the recent peak), so big swings like this aren't unusual for it.
$MSFTB $XRP #LAB