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LAB token jumps 40% on whale buying, capital rotation to BNB Chain, and technical breakout

Technical Signals
12 Jun 2026
AMBCrypto
View Source
Bullish
pluang ai news

LAB token surged about 40% in 24 hours, driven by large whale accumulation, capital rotation into the BNB Chain ecosystem, and a technical breakout above a descending resistance line. A major wallet moved over 10 million LAB tokens from an exchange, signaling bullish accumulation despite past scam allegations. LAB’s price broke above a key trendline after a 90% correction, with volume and market breadth increasing, though it remains 64% below its all-time high. The token faces resistance at $12-$14, $18, and $22 levels, and must hold above the trendline to sustain gains.

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