The Lagrange cryptocurrency ($LA ) has increased by 3.67% over the last 24 hours, which is better than its performance over 7 days (-3.07%) and 30 days (-12.85%). The main reasons for this growth:
Technical analysis shows that the price is above the 30-day moving average (SMA) at $0.35, but below the 7-day SMA ($0.36). The relative strength index is 50.64, indicating neutral momentum — possibly some traders see this as a buying opportunity after recent declines. The MACD histogram is positive, indicating a short-term bullish sentiment.
It is necessary to consider the overall market situation. The total cryptocurrency market capitalization has risen by 4.72% in 24 hours, so part of LA's growth may be related to the overall market uptrend. However, LA's growth of 3.67% slightly lags behind the market, indicating specific factors affecting this particular token.
The main reasons for the growth are the recent listing on the exchange, positive technical signals, and possibly echoes of the announcement regarding the token buyback. A high security rating may also strengthen investor confidence. However, long-term trends remain negative, so this is likely a temporary rebound.