$LA LA Token (LA) pulls back after sharp rally, consolidates around $0.398
LA Token (LA) has seen sharp volatility in the past 24 hours. After surging close to $0.47, the price faced a strong correction and is now trading around $0.398. This highlights profit-taking pressure in the short term, while also confirming the resilience of a key support zone.
On the 15-minute chart, LA has formed a “spike and channel” pattern, with a steep rise followed by a significant pullback. The price is currently consolidating within the $0.390 – $0.405 range with decreasing volume, reflecting a temporary balance between buyers and sellers.
From a technical standpoint, RSI has cooled off from overbought levels toward neutral, while MACD shows a bearish crossover, suggesting correction risks remain. If support at $0.390 holds, LA could rebound to retest resistance near $0.420. However, breaking below may trigger further downside toward $0.360.
Do you think LA will stage a quick rebound, or continue to face selling pressure?
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