What does everyone think about $la that went live yesterday?
As soon as it went live yesterday, it quickly surged from the opening price to a high of 1.79, then retraced and formed a long upper shadow, indicating significant selling pressure at high levels.
The current price is in a phase of consolidation and adjustment, with the latest candlestick showing a bearish line, and the lows gradually rising, but the strength of the rebound is weakening.
The price has currently fallen below the EMA7 moving average and is close to the EMA30. If it touches near the EMA30 (around 1.26989), it may find support; the EMA120 is still far from the current price, indicating a strong trend.
In summary, everyone should be cautious when entering the market, as there are risks associated with investments in altcoins!
