$LA Slipping into Danger Zone — Breakdown or Bounce Ahead?
LA is trading at $0.2953, down -8.35% on the day and struggling to hold above the $0.2950 support zone. A low-volume range is forming with sellers dominating recent price action. The setup suggests a critical move is near.
Key Levels to Watch
• Resistance Zone: $0.2985 – $0.3020
Breakout above this range could spark a short-lived relief rally.
• Support Zone: $0.2940 – $0.2915
If this zone breaks, the downtrend could accelerate.
Trade Setup – Wait for Confirmation
Bullish Scenario
Entry: Break above $0.2985 with volume
• Target 1: $0.3050
• Target 2: $0.3120
Bearish Scenario
Entry: Break below $0.2940
• Target 1: $0.2880
• Target 2: $0.2800
On-Chain Warning:
40 million LA tokens were moved from the LA Project Foundation to exchanges recently (July 9–10), indicating possible sell pressure. This could increase price volatility.
LA is walking a tightrope. A breakout or breakdown from the current range will set the tone for its next move. Stay alert and avoid premature entries.
