The price of the $LAB coin rebounds from the main ascending trendline support level on the 4-hour timeframe after a period of consolidation at the lower levels.
Price action regains buying momentum above the moving averages’ support, establishing the formation of a higher low. The price is expected to continue its upward move toward intermediate resistance targets, up to a retest of the upper supply zone.
As long as the price holds above the ascending trendline, the technical bias remains bullish in the near term.
📍 Watch Zone: 0.1400 – 0.1450
🎯 Bullish Targets:
• 0.1508
• 0.1554
• 0.1594
❌ Invalidation of the Scenario: A clear 4-hour candle close below 0.1380, which breaks the ascending trendline and invalidates the bullish reversal pattern.
Price action regains buying momentum above the moving averages’ support, establishing the formation of a higher low. The price is expected to continue its upward move toward intermediate resistance targets, up to a retest of the upper supply zone.
As long as the price holds above the ascending trendline, the technical bias remains bullish in the near term.
📍 Watch Zone: 0.1400 – 0.1450
🎯 Bullish Targets:
• 0.1508
• 0.1554
• 0.1594
❌ Invalidation of the Scenario: A clear 4-hour candle close below 0.1380, which breaks the ascending trendline and invalidates the bullish reversal pattern.