LABUSDT remains one of the most volatile altcoins after its dramatic 99% decline. While the recent bounce from support suggests buyers are attempting to stabilize the market, the overall trend is still bearish as price trades inside a descending channel and below all major EMAs.The $0.22117 resistance is the most important level to watch. A confirmed breakout above it could signal the start of a stronger recovery toward $0.24153 and $0.33630. Until then, traders should remain cautious, as losing $0.18597 would likely expose LAB to another wave of selling toward $0.16970 and potentially $0.13911.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.