Tech

What Is Driving LAB Token’s 200% Price Rally?

2 hours ago
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Key Notes

  • LAB token rallied over 200%, reaching a high of $0.2581 before consolidating near $0.2198.
  • Market cap surpassed $51 million, while trading volume jumped nearly 12%.
  • Technical indicators show strong bullish momentum but hint at short-term profit-taking.

LAB token has taken the crypto market by surprise, skyrocketing from a daily low of $0.08582 to a high of $0.2581, marking an impressive 200% rally within a short time frame.

At the time of writing, LAB trades around $0.2198, maintaining much of its explosive gains. The token’s trading volume has surged nearly 12%, while its market capitalization crossed $51 million.


The LAB rally follows a massive 21 million token buyback worth $2.35 million initiated by the project’s team. The team claimed that these buybacks are just a beginning of what is coming in the near future.

LAB Price Analysis: Momentum and Market Indicators

The hourly LAB/USD chart reveals heightened volatility and aggressive buying activity. Following the sharp upward move, the Bollinger Bands have widened significantly.

The upper band near $0.2311 now serves as an immediate resistance, while the mid-band around $0.142 acts as a support base for potential retests.

Meanwhile, the RSI stands at 67.09 and the MACD histogram indicates strong bullish momentum, as price candles remain above the 20-period moving average.

However, the Accumulation/Distribution (A/D) line is currently negative at -656.6M, indicating that some traders might be taking profits after the rapid surge.

The Balance of Power also remains tilted toward sellers in the short term (-1.00), implying potential for minor pullbacks before the next leg higher.

LAB hourly chart with momentum indicators. | Source: TradingView

If LAB sustains its position above $0.20 and successfully breaks the $0.23 resistance level, the next target could lie around $0.30-$0.35, representing another potential 50% leg upward.

On the other hand, failure to hold above the $0.14 support could trigger a short-term retracement toward $0.10.

LAB Team Announces Major Roadmap Expansion

Amid this rally, the LAB team released a detailed roadmap on X (formerly Twitter), stating that LAB is more than just another speculative token.

The ambitious roadmap includes a buyback portal to support token value and reduce circulating supply alongside expansion of the LAB Terminal into decentralized derivatives trading.

 

LAB team will also host trading contests and airdrops focused on increasing user engagement and rewarding the community. Finally, the LAB mobile app, loyalty rewards, and cross-chain swaps are also under development.

Bitcoin Hyper Gains Momentum Amid LAB Token Surge

Bitcoin Hyper (HYPER) is quickly gaining attention as its presale heats up. The project aims to fix Bitcoin’s

BTC
$111 120



24h volatility:
0.4%


Market cap:
$2.22 T



Vol. 24h:
$69.46 B

biggest issues, including slow transactions, high fees, and limited functionality.

Built as a next-gen Layer 2, Bitcoin Hyper processes transactions off-chain for faster speeds and lower costs while settling them securely on Bitcoin’s main network. It combines Bitcoin’s trust with modern scalability and power.

The native HYPER token powers the ecosystem, serving as the network’s primary fuel for gas payments, staking rewards. It plays a central role in maintaining the network’s economic balance and provides access to advanced features.

Presale Snapshot of Bitcoin Hyper

  • Ticker: HYPER
  • Current presale price: $0.013125
  • Amount raised so far: $23.8 million

Bitcoin Hyper is offering early supporters an opportunity to buy tokens at discounted rate in its crypto presale. The project has already raised around $23.5 million, reflecting strong investor confidence in its utility-driven design.

With the next price increase expected within hours, interested investors still have a window to purchase HYPER tokens. Make sure you check out the official site to keep yourself updated with the Bitcoin Hyper launch date.

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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Parth Dubey

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedIn


Source: https://www.coinspeaker.com/what-fuels-lab-token-200-percent-surge/