LAB Project Faces Four Key Allegations of Price Manipulation
- Price Manipulation Allegations: The LAB project is accused of arbitrarily changing its token vesting schedule, with the postponement to August criticized as a tactic to artificially inflate token prices, potentially harming early investors' interests.
- Improper Exchange Relations: The project allegedly provided free LAB tokens to centralized exchanges to maintain listings, a practice that could distort market supply and create an uneven playing field for other traders.
- Market Maker Risks: The market maker currently driving the token's price increase is the same entity previously implicated in manipulating the MOVE token's price, raising serious questions about the project's due diligence and governance.
- OTC Trading Restrictions: The LAB foundation is accused of blocking OTC trades for early retail investors while prioritizing negotiations with a specific OTC desk to sell its own holdings first, potentially disadvantaging smaller stakeholders.
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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 6 technical signals, shows that 5 indicators are flashing buy, while 1 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 | -14.728 | -5.317 | 2.481 | 11.892 | 19.691 | 29.102 | 36.9 |
| Fibonacci | -5.317 | 1.257 | 5.318 | 11.892 | 18.466 | 22.528 | 29.102 |
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