$LA (4H) Technical Analysis
Current Price:
$0.3126 (▲ +2.59%)
Chart Breakdown
1. Trend
LA has been in a downtrend from the recent high of $0.4317.
It made a local bottom at $0.2917 and is now attempting a short-term bounce.
2. Moving Averages
MA(7) = 0.3034 → Price is now above MA7, a bullish short-term signal.
MA(25) = 0.3121 → Price just crossed above MA25, which can trigger more upside.
MA(99) = 0.3444 → Still far above current price, acting as strong resistance.
📌 Interpretation: A short-term bullish reversal is forming after bouncing from support.
3. RSI (Momentum Indicator)
RSI(6) = 66.74 → Strong bullish momentum, nearing overbought territory.
RSI(12) = 52.72 → Neutral to bullish.
RSI(24) = 46.29 → Neutral.
👉 RSI(6) is signaling strong buying pressure in the short term.
4. Volume
Volume has increased slightly, supporting the ongoing bounce.
Support & Resistance
Immediate Support: $0.3034 (MA7), then $0.2917
Immediate Resistance: $0.3155
Major Resistance: $0.3444 (MA99)
Next Target if Breakout Holds: $0.3463 → $0.3771
Conclusion
Short-term Outlook: Bullish. Price just broke above key moving averages with momentum.
Mid-term Outlook: Needs to break $0.3155 and sustain to target $0.3444.
Risk: Rejection from $0.3155–$0.32 area could cause a retest of $0.30 or lower.
✅ Trading Suggestion
Buy zone: If holding above $0.3030
Targets: $0.3155 → $0.3440
Stop-loss: Below $0.2910 (recent low)