LAB PLUNGES THROUGH SUPPORT 😧📉
The
$LAB price slumped 30.6% in 24 hours, carving a sharp move from the $0.06775 high down to the $0.03500 low 😧. Volume surged to $31.85 M, confirming that aggressive liquidation is overwhelming the remaining order blocks around $0.05138, erasing the mid‑range demand zone 📉. The breach of the $0.05138 order block aligns with a broader macro shift where risk‑off sentiment is draining liquidity from high‑beta altcoins.
Now the price tests the $0.03517 support band, a level that previously held as a minor demand pocket but has been ripped thin by successive sell pressure 😧. If $0.03517 fails, the next structural floor lies near $0.0305, while a bounce back to the $0.045‑$0.047 range could signal a short‑term corrective rebound 📈. Given the aggressive order flow, the current dip appears more like a structural breakdown than a tidy retracement, leaving the $0.06741 resistance firmly out of reach for now.
Levels to monitor:
Watching support around $0.03517
Structure suggests resistance near $0.045‑$0.047
Mid range area: $0.05138
DYOR
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