LAB crash shakes traders

$LAB dropped sharply by -22.58%, now trading at $0.1808, after hitting an intraday high of $0.2445 and low of $0.1762.

Massive 1.33B LAB volume shows panic reactions and trapped longs after the previous sharp spike to $0.50. The token failed to sustain above the MA(7) at $0.2097, confirming weakness.

Key Levels:

Support: $0.1760 – $0.1150

Resistance: $0.2090 – $0.2650

Trend: Bearish with fading momentum.

Trade Idea:

If price holds above $0.176, a short-term rebound toward $0.21 is possible.

But if it breaks below support, further sell-off toward $0.115 likely.

At this stage, only aggressive scalpers can look for quick bounce plays — main bias still Sell until price reclaims $0.21.