$LA is currently trading at $0.3845, showing consolidation after recent volatility. The strong support is observed near $0.3700 – $0.3720, a level where buyers have consistently defended against further declines. The immediate support zone lies between $0.3750 – $0.3780, which could act as a buying opportunity if price retests this range.
On the upside, the resistance zone is around $0.3920 – $0.3950. A clean breakout above this range with increased volume could target $0.4050 in the short term. However, failure to break this resistance may lead to sideways trading or a retest of support levels.
For prudent risk management, a stop-loss can be set around $0.3680, just under the strong support. While momentum indicators suggest mild bullishness, traders should watch for volume spikes and overall market sentiment to confirm any breakout before committing to larger positions.
