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LAB performed remarkably today, with the price quickly rising from the intraday low of $0.15317 to $0.18560, then slightly pulling back to the current level, forming a strong surge followed by consolidation.
From a technical perspective, the short-term MA7 is at $0.17788, slightly above the current price, indicating that short-term bullish momentum is slightly weakening. However, the medium to long-term moving averages remain strong—MA25 stands at $0.17031, and MA99 is at $0.15612, with both lines rising together to support the continuation of the medium-term uptrend.
From a volume perspective, the most interesting point: during the price rally, trading volume significantly increased, while during the pullback, volume decreased, indicating that the willingness of funds to continue flowing in remains strong. This volume contraction during correction often suggests that after a short-term adjustment, a new wave of upward movement may follow, possibly presenting a low-entry opportunity for many traders. Overall, LAB remains within the medium-term upward channel, and the short-term correction could be a positive signal.