Posteo
$LAB
Trend assessment
• Resistance: The nearest target is the old peak at 4.5424 USDT and further is the 24-hour high at 4.7600 USDT.
• Support: The area of 4.15 - 4.20 USDT (where MA10 and MA20) converges will be an important support if there is a technical adjustment rhythm.
In summary: LAB is showing a positive growth momentum with abundant cash flow. If it stays above 4,3000 USDT, it is likely that the price will soon retest the 4.7x peak. However, investors need to be careful with the long candles above (such as the candle reaching 4.5424) because it shows that profit-taking pressure still exists in high price areas.
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