Market Overview for Lagrange/BNB (LABNB) on 2025-11-13

Summary
• Price opened at 0.0004725 and closed at 0.0004433, with a 24-hour low of 0.0004342.
• A strong bearish trend was observed, with 4 out of 5 largest candle closes below prior lows.
• Volume spiked at 464.9 and 269.8 near key support levels, confirming bearish sentiment.

Lagrange/BNB (LABNB) traded in a bearish trend over the last 24 hours, opening at 0.0004725 on 2025-11-12 at 12:00 ET and closing at 0.0004433 on 2025-11-13 at 12:00 ET. The pair reached a high of 0.0004725 and a low of 0.0004342. Total trading volume over the 24-hour period was 7,374.8, with a notional turnover of approximately $3.32 (calculated using average price and volume).

On the 15-minute chart, Lagrange/BNB formed a series of bearish continuation patterns, including several lower highs and bearish inside bars. Key support levels emerged at 0.0004482 and 0.0004433, both of which held amid increased volume. Resistance appeared to cluster near 0.0004527 and 0.0004576, where price repeatedly stalled before reversing downward.

MACD remained in negative territory, with the line below the signal line and diverging from price action, suggesting weakening bearish momentum. RSI dipped below 30 for much of the session, indicating oversold conditions, though the asset did not see significant buying interest to reverse the trend. Bollinger Bands showed a moderate contraction, with price hovering near the lower band, signaling heightened bearish bias and possible consolidation ahead.

Volume was unevenly distributed, with the largest spikes occurring near key support levels (e.g., 0.0004482, 0.0004433) and during brief short-covering rallies. These volume surges confirmed the strength of bearish sentiment. On the Fibonacci Retracement scale, the 0.0004433 level aligned closely with the 61.8% retracement of a recent bullish swing, suggesting this level could hold until further downward pressure is applied.

The pair may test the 0.0004342 level in the next 24 hours if bearish momentum continues, but a rejection there could trigger a short-term rebound. Traders should remain cautious as volatility and momentum indicators suggest potential for both continued bearishness and short-term corrections.

Backtest Hypothesis
The RSI-oversold backtesting strategy involves identifying instances where RSI drops below 30 and entering a long position with a one-day holding period. This approach aligns with the recent behavior of Lagrange/BNB, which saw multiple periods of RSI falling into oversold territory over the last 24 hours. However, due to the absence of a confirmed ticker symbol for Harbor Alpha Layering ETF (e.g., “HOLD.P”), it is recommended we proceed with this backtest using a known ticker such as SPY for demonstration purposes. Once the correct symbol is confirmed, the strategy can be fine-tuned for the desired asset.