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Haven’t looked at the secondary market for a while. Today I checked this $LAB —it looks like you can get in now. I expect it to start moving up in the next phase!
After the coin has been repeatedly churning and consolidating at the bottom for now, people have started to slowly accumulate it.
The most obvious sign is this: at the bottom there have been multiple wick insertions, but the price hasn’t continued breaking down further. Instead, volume has started to show up. The panic selling has been washed out for the most part; those who could sell already sold off early. I expect the upcoming rebound to keep going and, most likely, it could break through the $1–$2 range. There’s also a possibility of seeing a break there.
On the technical side, I’m mainly watching these signals: the bottom clearly has increasing volume, and capital has kept flowing in.
The RSI is showing a hidden bullish divergence (bottom divergence): the price hasn’t really made new lows, but the indicator has been gradually repairing.
If later the neckline level breaks out, and then on the retest it doesn’t break, then this bottom structure will be fairly solid.
If the moving averages continue to repair—especially if the 20-day line turns upward—then the bullish structure will become more and more obvious.
$LAB ’s truly key position isn’t that it’s up a few percent right now, but whether it can fully play out the bottom range. Once the breakout is confirmed, for the first stage I’d look at the $0.8–$1.2 range.
If volume keeps following through and sentiment also picks up, $2 isn’t impossible—possibly even just a consolidation/relay point within the main uptrend wave. So you can position a bit at the bottom: the bottom has already formed. Now we just need to see whether capital can keep flowing in and drive a bigger rally!!!