$LRC /USDT SURGES OVER 23% — STRONG MOMENTUM SIGNALS POTENTIAL BREAKOUT

Loopring ($LRC /USDT) has posted an impressive 23.75% gain in the last 24 hours, pushing the price to $0.1162 at the time of analysis. The price action shows a strong bullish trend with a notable surge from the daily low of $0.0917 to a high of $0.1258, indicating aggressive buying pressure.

Key Technical Highlights:

Price Range: $0.0917 (low) – $0.1258 (high), suggesting a volatile but bullish session.

Volume Spike: 169.76M $LRC traded (equivalent to $18.55M), confirming strong interest and market participation.

Support Zone: Immediate support is seen at $0.1050 – a critical level that previously acted as resistance.

Resistance Zone: The current overhead resistance lies at $0.1276; a breakout above this could trigger a continuation toward $0.1350.

Momentum Indicators (based on observed movement):

The sustained rally on high volume hints at possible continuation if bulls maintain control.

Price is holding well above intraday moving averages, implying bullish short-term sentiment.

Conclusion:

$LRC/USDT is showing signs of a breakout attempt backed by volume and price structure. Traders should watch for a clean break above $0.1276 to confirm the bullish continuation, while a dip below $0.1050 could signal a potential pullback.

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