LAB’s 60% Spot volume drop – Short sellers burned as $30 resistance looms

LAB continued its upward recovery after gaining more than 13% over the past 24 hours, even as Spot trading activity cooled sharply across the market. 

Daily trading volume fell by 59.62% to approximately $347 million, showing that participation weakened despite the price advancing toward the $19 region. 

However, buyers still maintained control as LAB traded around $19.25 at the time of writing. 

Bears paid the price for betting against LAB

Derivatives traders experienced another painful session as short liquidations continued dominating across major exchanges. 

Total short liquidations reached approximately $54.87K, while long liquidations remained limited to only $1.15K. 

Binance accounted for the largest share of bearish losses at about $26.99K, followed by OKX with roughly $9.61K and Bybit with nearly $7.65K. 

Bitget also recorded around $6.93K in short liquidations, whereas HTX contributed about $105.52. 

On the other side, Binance led long liquidations with approximately $878.41, while Bybit and OKX recorded just $52.41 and $89.72, respectively. 

The imbalance indicates that bearish traders repeatedly closed positions as LAB advanced, reinforcing the recent rally despite softer Spot market participation.

Buyers defended a critical breakout zone

LAB successfully retested the key support zone around $18 before attracting fresh buying interest that pushed the price back above $19. 

The rising trendline remained intact throughout the recovery, confirming buyers consistently defended higher lows after the earlier correction. 

Meanwhile, MACD strengthened further as the MACD line climbed above the signal line while green histogram bars continued expanding, reflecting improving bullish strength after the recent crossover. 

Although the price approached the upper boundary of the current trading range, no bearish crossover appeared on the indicator. 

If demand continues increasing around current levels, price could challenge the psychological $20 area before attempting another advance toward the major $30 resistance.

Can LAB still reach $30?

LAB maintained a constructive market structure after buyers defended the $18 breakout zone and forced another round of short liquidations. 

Although Spot trading activity weakened, prices continued climbing while technical indicators favored buyers. 

If LAB preserves support above $18 and participation improves, the rally could extend toward the $30 resistance. However, losing that support would likely weaken the current recovery and encourage another corrective phase.

Final Summary

• LAB surged 13.16% in the past 24 hours, with short liquidations fueling the upward move and keeping buyers in control.
• The rally raises questions about whether bulls can sustain momentum toward the $30 mark, as low trading activity may limit the strength of the recovery.