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LAB token drops 21.6% as traders lean heavily short amid resistance rejection

Technical Signals
20 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

LAB token fell 21.6% to $12.09 with trading volume down 23%, following a failed breakout above $17.78 resistance. Binance data shows 71% of top traders short on LAB, signaling bearish sentiment despite positive funding rates indicating some bullish bets. The token remains above major support at $9.15 but faces pressure until buyers regain strength to challenge resistance again. Market caution persists as traders await clearer direction.

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