Technical indicators $LA 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, indicating the possibility of further growth. Fibonacci retracement levels show support around $0.33, and the price is holding above this level. $LA bounced off the 61.8% Fibonacci retracement level ($0.358), with the RSI7 at a neutral level of 46.59, and the MACD histogram turned positive (+0.0049).
However, the overall cryptocurrency market has declined — the total market capitalization fell by 1.87% over 24 hours, so the growth of $LA may be related to the specific characteristics of this coin. Caution should also be exercised due to past volatility, for example, the transfer of 40 million tokens to exchanges in July, which could have created selling pressure. But the main factor for growth right now seems to be the news about the token buyback.
