$LRC

Current Price: $0.1126

24h Volume: $13.63M (moderate liquidity)

Trend Overview:

Loopring has been in a prolonged downtrend, showing consistent lower highs and lower lows since peaking in early 2022. The current price level is testing a multi-month support zone around $0.11–$0.115. This level previously acted as a launchpad during recovery phases, but failure to hold here could accelerate downside momentum.

Volume Analysis:

24-hour volume at $13.63M shows a slight increase, suggesting minor selling interest. However, this volume remains significantly lower than breakout or reversal thresholds, indicating weak buyer conviction.

Indicators:

RSI (14): Hovering around 38–42, showing weak momentum and near oversold territory but not yet indicating a strong bounce.

MACD: Still below the signal line with no bullish crossover. Momentum favors continued bearish pressure.

Bollinger Bands: Price riding the lower band, suggesting continued selling or a possible breakdown.

Short Signal – LRC

trading Strategy

Entry Zone: $0.113–$0.115 (if price rebounds weakly)

Target 1: $0.106 (previous low)

Target 2: $0.095 (next support from 2023)

Stop Loss: $0.119 (above local resistance)