Here's the technical breakdown and market summary for $LRC /USDT (Loopring) as
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📉 LRC/USDT Market Snapshot
Current Price: $0.0853
24h Change: -4.69%
24h Range:
🔼 High: $0.0940
🔽 Low: $0.0846
24h Volume:
LRC: 52.28M
USDT: $4.74M
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📊 Technical Indicators
Metric Value Interpretation
Volume (Current) 1.93M Healthy liquidity, but fading momentum
MA(5) 1.82M Neutral short-term average
MA(10) 2.53M Volume dropping compared to recent average
Support Level $0.0846 – $0.0840 Critical — nearing breakdown zone
Resistance Level $0.0892 – $0.0945 Needs breakout to flip sentiment
MACD Likely negative Momentum favors sellers
Trend Short-term: Bearish Medium-term: Still declining
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📉 Price History Recap
Period % Change
Today -4.69%
7 Days -5.55%
30 Days -17.30%
90 Days -25.74%
180 Days -72.47%
1 Year -69.18%
> LRC has been steadily declining, with the price now consolidating near historical lows. No confirmed reversal pattern is in sight.
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⚠️ Technical Outlook
📉 Downtrend Intact — multiple timeframe declines confirm long-term bearish structure.
🛑 Watch $0.0840 closely — a break may bring a flush toward $0.078 or lower.
💡 Upside attempt only likely above $0.0892, with strong rejection around $0.0940 so far.
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🧠 Strategy Insight
Traders: Wait for bullish divergence or break above $0.089 to consider scalping.
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