*The LRCUSDT analysis update is here.* 📌
Currently, Loopring's price is $0.1268 USDT, with a 24-hour drop of -3.30% and a 7-day increase of 2.69%. The token has been moving within a descending channel for approximately 154 days, showing lower highs and lower lows ¹.
Technical Analysis
Oscillators are neutral, while Moving Averages indicate a strong sell signal ². The Relative Strength Index (14) and Stochastic %K (14, 3, 3) are also showing neutral signals.
Trade Ideas
Some traders suggest entering a long position at the current price, targeting $0.48 and then 150%. Others recommend waiting for a breakout above the trendline and resistance zone before going long. However, some analysts predict a breakdown, targeting lower prices.
Key Metrics
- Current Price: $0.1268 USDT
- 24-hour Change: -3.30%
- 7-day Change: 2.69%
- Year to Date: -56.77%
- 1 year: -31.67%
Keep in mind that technical analysis is not a guarantee of future performance, and it's essential to do your own research and consult with a professional before making investment decisions.
