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$LAB is currently entering an accumulation phase around a key support zone after the recent volatile moves. Selling pressure no longer looks as aggressive as before, suggesting that bearish momentum is gradually slowing down. However, bulls are still facing major difficulties against the heavy resistance wall built by bears above
Every recovery attempt is being quickly rejected, reflecting an intense battle between both sides. The market now feels compressed within a temporary equilibrium zone, where neither bulls nor bears have been able to deliver a decisive move yet
If bulls manage to absorb enough selling pressure and break through the current resistance area, $LAB could potentially enter a much stronger recovery phase. Until then, the market remains stuck in a highly tense and volatile standoff
#DailyOrbit #TradeStocksOnOKX #CoinMoveAlert $LAB
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