📉 $LRC SIMPLE MARKET UPDATE 🔄
Loopring ($LRC ) is trading near 0.0511 USDT, down around 2% today, after facing a sharp rejection from the 0.0531 area. Price action shows high volatility, with a fast move up followed by an equally quick sell-off, indicating strong supply at higher levels.
The drop toward 0.0506 acted as a temporary support, where buyers stepped in to slow the decline. The current small green candles suggest a minor bounce, but overall momentum is still weak and direction remains uncertain.
As long as $LRC stays below 0.0520 – 0.0530, upside looks limited. A break below 0.0505 could invite further downside, while holding above support may lead to sideways consolidation.
📌 Key Levels
• Support: 0.0505 – 0.0500
• Resistance: 0.0520 – 0.0530
is currently in a range and recovery attempt, not a confirmed reversal. Volume and structure need to improve for bullish continuation.