- LAB token surges 200% after a $2.35M buyback boosts investor confidence.
- Technical indicators show strong bullish momentum with resistance near $0.23 and support around $0.14.
- LAB team unveils new roadmap featuring buyback portal, trading contests, and cross-chain expansion.
LAB Token has taken traders by surprise with a stunning 200% rally in a short span. The token jumped from $0.08582 to $0.2581, showing impressive strength amid broader market uncertainty. At the time of writing, LAB trades near $0.2198, holding most of its gains. Trading volume spiked by nearly 12%, while market capitalization surpassed $51 million, signaling growing investor confidence and increasing community engagement.
LAB Price Analysis: Strong Momentum and Bullish Indicators
LAB’s price chart shows a surge in volatility and heavy buying pressure. The hourly LAB/USD chart highlights widening Bollinger Bands, indicating stronger price swings. The upper band near $0.2311 now serves as the immediate resistance level. Meanwhile, the mid-band around $0.142 could act as a key support area during potential retests.
The Relative Strength Index currently stands at 67.09, suggesting that bullish momentum remains strong but nearing overbought conditions. The MACD histogram also confirms strong upward momentum, with candles positioned above the 20-period moving average.
However, short-term indicators suggest some caution. The Accumulation/Distribution line remains negative at -656.6M, pointing to possible profit-taking among early buyers. Similarly, the Balance of Power stands at -1.00, reflecting slight dominance by sellers after the steep surge.
Analysts expect minor pullbacks before the next breakout attempt. A sustained close above $0.20 could reinforce bullish sentiment, while a successful breach of the $0.23 resistance might set the stage for a move toward $0.30–$0.35. This range would represent an additional 50% gain from current levels. Conversely, losing the $0.14 support could trigger a short retracement toward $0.10.
LAB Team Fuels Confidence with a Major Roadmap Update
Momentum surrounding LAB Token extends beyond trading activity. The development team recently announced a major roadmap expansion on X (formerly Twitter). This update outlines several initiatives aimed at strengthening the project’s ecosystem and long-term token value. The most notable move was a 21 million token buyback worth $2.35 million.
According to the team, this is only the beginning of a broader strategy to support price stability. The buyback plan aims to reduce circulating supply while enhancing investor trust in the project’s sustainability. The roadmap also includes the introduction of a buyback portal and the expansion of the LAB Terminal into decentralized derivatives trading.
Upcoming features include trading contests, airdrops, and loyalty reward programs designed to boost user participation. Additionally, the team revealed plans for a mobile app and cross-chain swaps to make LAB more accessible to global users. These developments suggest that LAB’s growth is not just hype-driven but backed by a clear vision for expansion.
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