$LA
dropped 1.88% in 24h due to profit-taking, weak technicals, and muted market-wide altcoin demand.
Profit-taking after recent exchange listings and airdrop unlocks.
Oversold RSI (29.21) but weak bullish momentum signals.
Bitcoin dominance (+61.41%) siphoning capital from alts like LA.
Deep Dive @Lagrange Official #lagrange
1. Profit-Taking Post-Listings
LA’s price fell 77% from its June 2025 peak ($1.72) and remains under pressure from:
Post-Binance listing volatility: LA dropped 32% within 24h of its July 9 listing (CoinJournal) as traders sold the news.
Airdrop unlocks: 10% of LA’s 1B supply was unlocked in June, creating sustained sell pressure.
2. Technical Weakness
RSI 7-day: 29.21 (oversold), but MACD histogram at +0.010352 shows weak bullish momentum.
Key support: $0.318 (July 2025 low); a break below could trigger cascading liquidations.
Volume: $13.59M (-21.93% in 24h) signals fading interest.
3. Market Dynamics
Altcoin season index: 39/100, favoring Bitcoin over alts.
Fear & Greed Index: Neutral (48), reducing speculative appetite for riskier assets like LA.
Conclusion
LA’s decline reflects post-listing exhaustion, tokenomics dilution (4% annual inflation), and a risk-off tilt toward Bitcoin. Watch for a rebound if LA holds $0.318 support or the Lagrange Foundation executes its proposed buyback.
Will ZK-proof demand from AI/blockchain use cases offset LA’s inflationary model?