$LAB token extended its rally to a sixth consecutive day on June 17, reaching $13.91, which translates to an almost 40% rise in the last 24 hours and a gain of more than 57% over the preceding week. The surge stems from heightened whale buying, technical momentum, and renewed interest in the token’s ecosystem, pushing the price back toward the $14 threshold.
Whale Activity Fuels the Surge
Market analyst Alastar reported that whale wallets injected roughly $540,000 in long positions within a single hour as the token continued its ascent. His data revealed 129 long positions against 85 short positions, with total long exposure climbing to $27.58 million while short exposure lingered at $10.58 million. The resulting long‑to‑short ratio of 260.67% and net whale buying volume of about $490,000, compared with $179,000 in net selling, underscore strong investor confidence in the crypto asset.
Key Levels and Investor Outlook
$LAB successfully defended the $9‑$10 support zone, a range that attracted dip buyers after weeks of downward pressure. Momentum indicators have turned positive, prompting many investors to close bearish positions and further fuel the rally. Analysts caution that the $13 region