I’ve been seeing a lot of hype around $LAB lately… but the chart is telling a different story.
After pushing to a $0.0949 high, $LAB has suffered a sharp rejection and is now trading around $0.0756, down 7.55%.
What stands out is the technical structure.
Price is currently sitting below the 7 MA at $0.0778, while the 25 MA at $0.0852 and 99 MA at $0.0821 remain even higher. That tells me momentum has shifted to the sellers in the short term.
The breakdown was also accompanied by a significant spike in selling volume — something I wouldn’t ignore.
Now the important levels are clear
#Labs #market
After pushing to a $0.0949 high, $LAB has suffered a sharp rejection and is now trading around $0.0756, down 7.55%.
What stands out is the technical structure.
Price is currently sitting below the 7 MA at $0.0778, while the 25 MA at $0.0852 and 99 MA at $0.0821 remain even higher. That tells me momentum has shifted to the sellers in the short term.
The breakdown was also accompanied by a significant spike in selling volume — something I wouldn’t ignore.
Now the important levels are clear
#Labs #market
