What's up, my people! 🚀 Get ready because I bring you the hot gossip about @Lagrange Official and its token $LA, which is causing a stir. #lagrange
My people! Do you remember that not long ago LA was down, like a lost soul? Well, take a deep breath! Because Lagrange's token jumped 6% in just 24 hours. Serious stuff! 📈 So what happened here? Well, the Lagrange Foundation dropped the bomb news that they are thinking about buying back their own tokens. Yes, you heard that right! They want to buy LA in the open market so the price doesn't plummet. Imagine, it's like when you put effort into a relationship to keep it from ending, you know what I mean? 😂
They say this is to give a boost of confidence because the token had dropped 77% since its June high. A drop that even the Leaning Tower of Pisa would envy! 😲 But well, with this buyback move, they want to put the brakes on that selling pressure they were facing. Moreover, those who know about this, the experts, say that the indicators are looking very nice, with the RSI rising and the MACD showing signs of momentum going forward.
Analysis with a Latin Flavor: Pure Fire! 🔥
The Buyback: Facing the Wind! 🌬️
The Lagrange Foundation, on July 14, announced that they were considering buying back their own tokens. Why? To stabilize the price, so it doesn’t bounce around like a crazy yo-yo. The tokens they buy will be kept securely with regulated custodians, no messing around! This is key because after seeing the price drop from $1.72 to rock bottom, they needed something to generate confidence. It’s like when your team is losing and they score a last-minute goal, morale goes up! 💪The Numbers Don’t Lie: Looking at the Chart like a Shaman! 📊
The $LA was dragging, but now, boom!, it has recovered from the oversold zone. The 7-day RSI is at 38.62, rising from a 22.39 that was just sad. The MACD is already in "bullish crossover" mode, with the histogram in positive territory (+0.014). This is like when the doctor tells you that your platelets are going up, pure good vibes! The support, that is, the floor where it rebounded, was between $0.362 and $0.370. It stood firm there!
The Crossroads of Lagrange: Which Way is the Ship Heading? 🚢
Now, it’s not just about going up. We need to see if this momentum holds. Lagrange is getting into the ZK (Zero-Knowledge) testing wave for Artificial Intelligence (AI) and DeFi, an explosive combination! If they manage to get people to genuinely use their protocol, demand will rise.
But, watch out!, we also need to be alert with the tokens that are going to be released. By 2026, 76.7 million $LA (40% of what’s out there!) will be released, which belong to the early investors. Imagine that amount of tokens hitting the market, it could create selling pressure like you wouldn’t believe. It’s like when there’s too much fruit in the market, the price drops. 📉
However, on the other hand, Lagrange is forming alliances with heavyweights like NVIDIA and Sentient, and its projects like DeepProve for LLMs (those big language models used by AI) look promising for the fourth quarter of 2025. If people start using these technologies, the utility of the token could skyrocket.
