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BNB Chain’s LAB Token Keeps Exploding in a Parabolic Rally: What’s Next?

BNB Chain’s LAB Token Keeps Exploding in a Parabolic Rally: What’s Next?

BeInCryptoBeInCrypto2026/06/18 20:27
By:BeInCrypto
LAB jumped more than 19% in a single day, reclaiming the $17 area as whale wallets stacked fresh long positions. A parabolic curve on lower timeframes now points the token toward $19. The move extends a recovery off the $7 support band, where larger holders defended price and printed a higher low. On-chain positioning and momentum readings now suggest buyers still hold the advantage. LAB Token Daily Price Chart. Whale Wallets Pile Into LAB Longs Whale positioning leans heavily bullish. The notional long-to-short ratio is 260.67%, indicating long exposure outweighs shorts by roughly 2.6 times across 214 tracked whales. The 129 long whales hold $27.58 million in positions at an average entry of $10.25. That cohort shows 92.24% profitability and $4.73 million in unrealized gains. LAB whales overview. The 85 short whales tell the opposite story. They hold $10.58 million at an average entry of $10.85, yet only 4.70% sit in profit, with $1.30 million in unrealized losses. Short-term flow confirms the same bias. Over the past hour, 67 whales bought against 35 sellers, with net buy volume of $490,000 versus $179,000 in net selling. This accumulation echoes recent whale buying across other altcoins. A sustained move below the $13 zone would be the first sign that longs are unwinding. RSI Climbs Toward Overbought Territory On the daily chart, LAB reclaimed the $16 area with a daily candle up more than 19%, extending the uptrend that began at the May 29 low after the price bounced off the $7 support band and printed a higher low (blue circle). The token now tests the 0.5 Fibonacci retracement at $16.03 as resistance, with the 0.382 level near $18.84 standing as the next upside target if buyers hold control. LAB daily chart. Momentum supports the whale bias, though it carries a warning. The daily Relative Strength Index (RSI) reads near 65 and is rising into bullish territory. On the hourly chart, RSI trades inside an ascending parallel channel and sits just above the midline. That structure leaves room for a push toward the channels overbought extreme. LAB hourly RSI chart. However, the advance comes on thin volume. A parabolic move into overbought conditions on weak participation often precedes sharp pullbacks. Therefore, the same readings that look bullish now could flip quickly if buyers fail to follow through. LAB Price Prediction and the $13 Line The hourly chart shows LAB tracking a steepening parabolic curve since the May 29 low. The token trades near $15.46 and is testing the 0.5 Fibonacci retracement at $16.03 as immediate resistance. A clean break opens the path to the 0.382 Fibonacci level near $18.84, just below $19. That target is roughly 22% above the current price and aligns with the rallys next logical resistance level. LAB hourly chart. Momentum favors that scenario in the near term. However, parabolic structures rarely hold for long, and the thin volume behind this leg keeps the risk of a fast reversal elevated. The critical support is the 0.618 Fibonacci level at $13.21, the same $13 zone whales are watching. Losing it would invalidate the bullish thesis and expose the 0.786 level near $9.20. Fundamentals add risk to the setup. A scheduled unlock of 282 million tokens in August could pressure a market still recovering from its June crash, when LAB fell 77% from its record high of $27.96. For now, LAB price holds above support and eyes $19, but $13 remains the level that decides the trend.
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