LAB: 60% Drop Precedes Token Unlock
LAB falls 60% with investors holding $500M paper gains; first unlock arrives in two weeks at $7.5 amid bearish 4h structure.
SourceAnalysis
LAB plunged 60% in days while holders retain $500 million in unrealized gains, yet the initial token unlock lands in two weeks per @bubblemaps data.
Price action on the 4h chart shows LAB at $7.5 inside Bollinger Bands with lower support at $6.7 and upper resistance at $14.73; the EMA50 at $13.03 and EMA200 at $12.22 define clear overhead resistance in the prevailing bearish trend, while RSI at 32.52 sits neutral and MACD registers a bullish golden cross at -1.56 that may support a short-term relief bounce before the unlock pressure hits. Traders tracking LAB price prediction models now weigh this confluence against broader crypto market crash risks that could accelerate selling into the scheduled release.
Bubblemaps
@bubblemapsInnovative Visuals for Blockchain Data.