August 22
Lagrange ($LA ) has grown in the last 24 hours. First, let's look at the available data. The current price shows an increase of 2.71% over the day. Technical analysis indicates some moving averages and RSI levels. News and social media posts may contain important information.
Recently, news emerged that the Lagrange Fund is considering a token buyback to stabilize the price. This could be a positive signal for investors as reducing the number of tokens in circulation increases trust and supports the price. It is also mentioned that in early August 2025, Lagrange will be added to the Toobit and Biconomy exchanges, which will likely increase trading activity and enhance the coin's recognition.
Technical indicators show that the price is above the 30-day moving average (SMA), which is a bullish signal. The RSI value is around 46.59, meaning the coin is not yet overbought, suggesting the possibility of further growth. Fibonacci retracement levels indicate support at around $0.33, and the price is holding above this level.
However, the overall cryptocurrency market has declined — the total capitalization has dropped by 1.87% over 24 hours, so the rise of LA may be specifically related to the features of this coin. Caution should also be exercised due to past volatility, such as the transfer of 40 million tokens to exchanges in July, which could have caused selling pressure. But the main factor for the growth right now seems to be the news about the token buyback.
As a result, the price increase of Lagrange is associated with the announcement of a buyback and the recent listing on exchanges, while technical indicators support this growth. It is important to consider both positive factors and potential risks related to previous large sell-offs and the overall market condition.#la #lagrange @Lagrange Official