LAB dropped from 27 to 8, rebounded 16%, do you dare to buy the dip?

First look at the surface: disastrous, but someone is taking the bait.

On June 2nd, it hit an ATH of $27.30, a week later it plummeted to $8.6, a drop of over 60%. Today it rebounded 16%, now at $10.03. In 30 days, it’s up 72%, but in 7 days, down 48%. Market cap? Total supply 1 billion, circulating only 310 million, FDV ridiculously high. The candlestick chart shows: violent surge followed by cliff-like decline, today’s volume spike long bullish candle, but the weekly line is still a bearish engulfing.

First thing: PiggyBank was cut for 570k, do you think it’s an accident?

On June 6th, the DeFi protocol PiggyBank on LAB was manipulated through “basis trading,” losing $579k directly. The protocol promised to compensate users, but on-chain analysts uncovered something more terrifying — LAB shows “crime pump” characteristics, clear signs of trading manipulation.

You’re still analyzing candlesticks, they’re analyzing your positions.

Second thing: App launch, buyback mechanism, sounds great — but who’s taking the bait?

LAB does have products: multi-chain trading terminal, mobile app launched, Rewards Season trading rewards, platform buybacks of LAB. Sounds like a positive flywheel?

If the project is really so good, why did it fall from 27 to 8 without institutional support?

Why didn’t the “buyback” hold the price?

Because the money spent on buybacks is a drop in the bucket compared to the amount the whales dumped.

Low circulating supply (only 31%), high FDV, and rumors of manipulation = classic “pump and dump” script.

Third thing: Technical signals show two completely contradictory signs

Bullish signals:

Today’s V-shaped rebound, from 8.6 to 10.3, volume spike with a long bullish candle, trading volume 48M USDT. Short-term funds are bottom-fishing, support at 8.6-8.8.

Bearish signals (more deadly):

Weekly chart -48%, breaking all key moving averages.

ATH 27.3, now 10, a 63% drop.

After such a collapse, every rebound is an opportunity for trapped investors to cut losses and escape.

Bull vs. bear, see for yourself.

One side:

App launch + Rewards Season + buyback mechanism

Multi-chain trading terminal, real product

Today’s 16% rebound with volume, indicating buy-the-dip funds.

Other side:

Manipulation rumors (crime pump) + PiggyBank lost 570K

Low circulation (31%), high control by whales

ATH down 63%, massive trapped positions

Weekly -48%, technicals fully bearish

BTC/ETH volatile, high-beta assets are being abandoned first

Key level at 10, just 50 cents below resistance at 10.5.

Resistance levels: 10.3-10.5 → 11.5-12.5 → 15 → 20

Support levels: 8.6-8.8 → 7.5-8.0 (break below means done)

Short-term rebound play:

Entry: around 8.8-9.2, light position, strict stop-loss at 8.5.

Target: 10.3-10.5 (take profit at 10-15%), if broken, look to 11.5.

Position size: no more than 1-2% of total funds per trade, leverage within 3x.

Shorting opportunity (more conservative):

If rebound stalls at 10.3-10.5, can short lightly, target 8.5-8.0.

Stop-loss above 11.

Mid-to-long-term hold:

Not recommended. Wait until platform’s real trading volume increases for 3+ months, buyback data is transparent, and manipulation rumors are clarified before considering.

Risk control rule:

Always set a stop-loss, exit if below 8.5, no illusions.

Take profits early, don’t be greedy. This coin has no “long-term faith.”

Keep an eye on BTC — if BTC breaks 60k, LAB will head straight to 7.

The current script of LAB is exactly like those “pump-dump-rebound-dump” coins in 2025.

Every rebound is the whales giving you a “last cigarette.”

Once smoked, it’s your turn to pay.

At the $10 level —

It’s a game for the brave, but also a grave for the naive. #我的Gate交易时刻 #TradFiCFD黄金大师赛 #预测世界杯美国VS巴拉圭 $BTC $SOL $LAB