LAB Slides 13 Percent as Bears Take Control

The LAB token took a hit today with a 13 percent decline in value. This sudden drop arrived after the asset faced a firm technical rejection near its local highs. Instead of finding support from dip buyers, the price faced a wave of selling pressure that caught many traders off guard.

The decline intensified as a series of long liquidations hit the market. When traders who were betting on a price increase were forced out of their positions, it created a chain reaction that pushed the token lower. Increased selling activity on major exchanges further added to the downward momentum.

Now the focus shifts to the 0.12 dollar level. This price point serves as a key support zone for the asset. If the bulls fail to defend this area, the price could see further weakness. Traders are keeping a close eye on volume levels to see if buyers step in to stop the bleeding.