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$LAB fell 22.83% to $12.80 in the past 24 hours, significantly underperforming the broader crypto market, which declined 4.21%.
The drop appears to be driven mainly by profit-taking after a massive rally, with LAB still up 186.75% over the past 7 days and 406.99% over the last 30 days. High trading volume confirms active selling as traders lock in gains.
Broader market weakness also contributed, with risk sentiment remaining fragile across crypto markets.
Near-term, the $10 level is the key support to watch. Holding above it could lead to consolidation between $10 and $15, while a break below may open the door to a move toward $7.
Outlook: Corrective pullback. The current decline looks like a cooldown after an overextended rally rather than a major change in fundamentals.

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