The LAB tree was asleep for days, then suddenly. The token rose nearly 25% within a day after LAB announced new rewards directly linked to sales within the LAB App and LAB TG App.
Obviously, every trade now counts towards the prize distribution. Entrepreneurs love incentives. Amazing, right?
The new campaign offers rewards in two ways: $LAB token distribution and in-app rewards. And almost immediately, speculative energy flooded the chart.
LAB Awards Campaign Ignite New Energy
According to to announceusers through the LAB ecosystem can earn rewards simply by trading within the platform’s software. This change was enough to send the price of LAB higher during today’s session.
The rally pushed LAB above the $5 key and briefly breached the $6 mark intraday. Volume also appeared to pick up as traders re-circulated to the stock following the award announcement.
Crypto markets often ignore free incentives for a long time. Especially not in low water conditions where the matter moves faster than necessary.
Resistance Zone Suddenly Back to Stability
Now comes the hard part. Holding the gains.
The chart shows the price of LAB approaching a strong resistance area near $7.49, which previously served as a rejection area during the initial volatility. If the buying continues to grow, traders may try to retrace the trend in the coming sessions.
However, speed cuts both ways in crypto.
If the sell-off increases and LAB loses the $5 share of opinion, the trend could quickly weaken. In this situation, the price of the stock can also look for a low point that is around $2.91.
But for now, The price of LAB shares it remains driven by one thing: traders chasing rewards while the movement remains alive.
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