LAB token surged over 19% in a single day, reclaiming the $17 level, driven by heavy whale accumulation. Whale positioning shows a notional long-to-short ratio of 260.67%, with 129 long whales holding $27.58 million in positions at an average entry of $10.25, boasting 92.24% profitability. Short whales, meanwhile, are largely underwater, with only 4.70% in profit. Short-term flows confirm bullish bias, with 67 buying whales vs. 35 sellers in the past hour. Technical analysis indicates LAB is testing the 0.5 Fibonacci retracement at $16.03 as resistance, with the next target near $18.84 (0.382 level). The daily RSI is near 65 and rising, while hourly RSI shows room for further upside within a parallel channel. However, the rally occurs on thin volume, raising reversal risks. Key support lies at the 0.618 Fibonacci level of $13.21; a break below would invalidate the bullish thesis. Additionally, a scheduled unlock of 282 million tokens in August could pressure prices. Currently, LAB eyes $19 but remains vulnerable to a swift downturn.

Key facts

• LAB surged 19% in one day to reclaim $17 area.
• Whale long/short ratio stands at 260.67%, heavily bullish.
• Long whales show 92.24% profitability on $27.58M positions.
• Daily RSI near 65 rising; hourly RSI in bullish channel.
• Key support at $13.21; August token unlock poses risk.