Lagrange ($LA ) has fallen by 5.12% in the last 24 hours, which is worse than the overall cryptocurrency market (-2.07%). The main reasons are the testing of important technical support levels, risks of increased supply on exchanges, and delays in stabilization measures.
Technical breakdown - the price dropped below the key support level of $0.334 with an oversold RSI indicator (42.48).
Risks of increased supply - 40 million tokens were transferred to exchanges on July 9-10, which may lead to value dilution.
Uncertainty with buyback - the proposed stabilization plan from July 14 has not yet been implemented.
The decline of $LA is associated with technical breakdowns, risks of increased supply, and unmet stabilization expectations. Although oversold conditions may trigger a bounce, the $0.327–$0.33 zone remains key.
