LAB Platform Faces Serious Allegations, Price Plummets
- Serious Allegations: Blockchain investigator ZachXBT has published a report accusing the LAB platform of opaque private loans and market manipulation, resulting in a price dip of about 10% following the report's release.
- Token Control Issues: ZachXBT claims that insiders control over 95% of the LAB token supply, pushing its fully diluted valuation to over $6 billion, while the token traded at $5.57 at the time of writing, down over 17.5% from its all-time high.
- Loan Contract Exposed: ZachXBT shared a loan contract from The Lab Management Ltd., revealing that the borrower received USDT at a monthly rate of 7.5%, with a default clause allowing repayment in LAB tokens at “market price,” effectively turning the loan into a token sale.
- Market Manipulation Accusations: ZachXBT has called on Bitget, Binance, and Gate.io to freeze insider profits and redistribute them to users, accusing Bitget's founder of allowing these scams to operate behind the scenes, labeling it an “unchallenged Chinese CEX cartel.”
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Technical Analysis for LAB
Technical Sentiment Analysis for LAB (LAB). As of , LAB (LAB) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 5 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for LAB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, LAB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
LAB (LAB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -1.965 | 0.446 | 2.675 | 5.085 | 7.314 | 9.725 | 11.954 |
| Fibonacci | 0.446 | 2.218 | 3.313 | 5.085 | 6.858 | 7.953 | 9.725 |
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