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Summary
• LABNB opened at $0.0004325 and traded between $0.0004167 and $0.0005516 before closing at $0.0004482.
• A sharp rebound started after 04:30 ET, pushing price above $0.0004433.
• Volume surged past 1300 on the breakout, but turnover remained mixed.
Lagrange/BNB (LABNB) opened at $0.0004325 on 2025-11-10 and closed at $0.0004482 on 2025-11-11. The pair reached a 24-hour high of $0.0005516 and a low of $0.0004167, with total volume of 3,254.9 and turnover of $1.49 million.
The 24-hour chart shows a distinct low-to-high swing pattern, starting from $0.0004325 and bottoming at $0.0004167 before a strong reversal. A breakout candle at 07:00 ET printed a high of $0.0005516, signaling short-term bullish
. Immediate support appears at $0.0004433, with resistance likely forming around $0.0004482–$0.0004527, depending on tomorrow’s volume and order flow. A small bearish engulfing pattern emerged after 07:30 ET, hinting at possible profit-taking.On the 15-minute chart, key moving averages suggest a mixed setup. The 20SMA crossed below the 50SMA just before the breakout, indicating potential momentum reversal. On the daily chart, the 50DMA is above the 200DMA, suggesting a longer-term bullish bias. However, the 100DMA is tightening, which could delay a stronger move higher.
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MACD showed a strong bullish crossover before the 07:00 ET breakout candle, with positive divergence. RSI surged past 70 after the breakout, signaling overbought conditions. However, RSI did not show immediate divergence in the next few candles, suggesting momentum could continue for a short while. Bollinger Bands expanded sharply during the breakout phase, with price closing near the upper band — a sign of a high volatility move.
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The volume profile shows a spike around the breakout at 07:00 ET, with over 1399.4 volume on the candle. This was followed by a rapid sell-off starting at 07:30 ET, where the candle closed at $0.0004345, printing a large bearish candle. This volume divergence hints at potential exhaustion in the short-term rally. Notional turnover mirrored the volume, peaking at the same time. The price-volume divergence around 07:30 ET suggests caution for near-term buyers.
Fibonacci retracement levels on the 15-minute swing from $0.0004253 to $0.0005516 show $0.0004433 as the 38.2% retracement level and $0.0004342 as the 61.8% level. These levels appear to have acted as pivots during the post-breakout correction.
Backtest Hypothesis
The backtest of the RSI overbought condition (RSI-14 > 70) on LABNB from 2022-01-01 to 2025-11-11 reveals a consistent pattern of short-term mean reversion. Over 86 such events, the average 5-day return after the signal was -3.7%, and the 30-day average return was -5.0%. The win-rate remained low across all horizons, with the most pronounced underperformance around day 14 (-8.6%). This suggests that traders who shorted or sold after RSI overbought signals could have captured consistent value in this pair over the past three years. Given the current RSI reading above 70, a similar mean-reverting correction could be in play.
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