Loopring (LRC) Technical Support and Resistance Levels:

Current Analysis indicate that LRC is navigating a narrow trading range with weak support and strong resistance:

$LRC Support Levels:

Key support is observed around $0.0815 to $0.0854, with some models suggesting a potential dip to $0.0756 if bearish momentum continues.

$LRC Resistance Levels:

Significant resistance is identified between $0.0923 and $0.0977, with the 200-day Simple Moving Average (SMA) acting as a persistent ceiling.

Notably, LRC has been trading below the 200-day SMA for over 300 days, indicating sustained downward pressure.

$LRC Market Sentiment and Forecast:

Fear & Greed Index:

The index stands at 20.53, indicating extreme fear among investors.

Short-Term Forecast:

Projections suggest a potential decline to around $0.0824 by early July, reflecting ongoing bearish sentiment.

Long-Term Outlook:

While some forecasts anticipate a modest recovery, with prices reaching up to $0.2446 by the end of 2025, others remain conservative, projecting prices below current levels.