Honestly, LAB has been the most eye-catching coin in the crypto circle these past two days, with the hype reaching its peak. Whether in groups or on the order book, everyone is talking about it. From the early high of 6.64, it has been crashing down all the way, now stuck around 5.9 for consolidation. The previous surge was so fierce, now the sell-off is just as brutal. Such volatile price swings are the easiest way to attract attention, and that’s the direct reason for its recent popularity.

Looking at the chart, the moving averages have long since turned downward, with the price firmly below the middle Bollinger Band, pressing down on the lower band. The upper band is also trending downward. In the short term, it’s a weak consolidation after a decline, with each rebound being small and feeble. The selling momentum hasn’t been fully exhausted, and the support below looks close but is actually fragile—one step down and it could break.

Why is it so hot? Basically, the initial pump stirred up market sentiment. Once the hype kicks in, the bulls and bears keep flipping back and forth. The order book and trading volume are very active—people looking to buy the dip and those wanting to short are all watching closely. Naturally, it becomes a focal point. I’ve been in this industry for so long; most coins that rely on hype to sustain their price are just emotional games. If it really followed a trend, it wouldn’t have such wild swings.

But now, the situation is too awkward. If you chase the long side, there are a bunch of trapped orders above 6, and it’s easy to get smashed. If you chase the short side, the price has already fallen quite a bit in the short term, but if there’s a rebound, heavy positions could get wiped out. In this kind of hype-driven market, do you think it will continue to surge on the hype, or will it just cool off and revert to its original state? #美国4月PPI同比暴涨6% $BTC $LAB