LAB Prints 28% Green, But the Receipts From Shorts Are Doing the Heavy Lifting 🧾

LAB crypto gained 27.96% over 24 hours to reach $15.48, outpacing Bitcoin's 0.97% move in the same window. The advance extends a rebound that began after buyers defended the $12 level, a zone the altcoin had retreated to following a 21% drop on June 20. From that floor, price pushed back toward the 50% and 61.8% Fibonacci retracement zones that have framed trade all month.

The Relative Strength Index sits at 61.5, cooling from overbought readings above 75 recorded near the $18.80 high, a level that has historically marked local tops. That easing has not erased upward pressure, with price now pressing against the 50% retracement near $16.21. A clean move through that level would re-expose $18.80, and a break above would put the prior peak of $21.37 back in play.

On the other side of the tape, participation has thinned. Volume has trended lower since buyers last drove the token to $21.37, leaving conviction uneven heading into resistance. If the bid stalls at $16.21, a pullback toward $13.27 becomes the more likely path, with a deeper slide opening the door to the $11.07 support zone that bulls have so far protected.

Liquidations data from CoinGlass underscores how much of the latest push was supply-side rather than demand-led. Total liquidations over the past 24 hours reached $815,580, with short positions accounting for $646,250 and longs contributing $169,330. The imbalance shows that the move from $12 toward $15.48 was driven largely by short-side unwinds, leaving the next leg dependent on fresh buyers stepping in to replace the squeezed positions.