LRC/USDT 1W – Final Test Before a Major Reversal?> Loopring (LRC) is currently sitting at a critical long-term support zone, and the next few weeks could determine whether a strong reversal or deeper decline will follow.
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🧠 Macro Overview:
After falling more than 97% from its all-time high (ATH) of $3.0596, LRC is now revisiting a historical demand zone between $0.0657–$0.0821. This area has acted as a powerful launchpad during previous cycles and remains a major accumulation zone.
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🔎 Technical Structure & Price Action:
✅ Historical Demand Zone (Strong Support)
Marked by the yellow box, this range has historically triggered major price rallies.
Buyers have consistently stepped in at this level since early 2021.
✅ Possible Double Bottom Formation
A potential double bottom pattern is forming in this zone. A breakout above $0.1189 would confirm the bullish reversal structure.
✅ Low Volume = Volatility Brewing
Current low-volume environment could indicate quiet accumulation before a potential breakout.
✅ Weakening Downtrend
The multi-year downtrend is still intact, but the selling momentum is fading as price consolidates in this key support area.
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🟢 Bullish Scenario (Reversal or Relief Rally):
1. Price holds and bounces from the $0.0657–$0.0821 demand zone.
2. Breakout above $0.1189 (initial resistance) opens the door for:
🎯 $0.1632 – First key resistance.
🎯 $0.3205 & $0.4398 – Mid-term resistance levels.
🎯 $1.1848 – Long-term recovery target if altcoin momentum returns.
> A weekly candle close above $0.1632 with strong volume would confirm the bullish trend shift.
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🔴 Bearish Scenario (Support Breakdown):
1. A breakdown below $0.0657 would invalidate the support zone.
2. Potential downside targets:
⚠️ $0.0550 – Psychological support.
⚠️ Uncharted territory below $0.0550 could trigger panic selling and deeper declines.
> In this case, strict risk management is essential, as breaking this zone may lead to a fresh leg down in price discovery.
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📈 Strategy & Outlook:
Short-term/Swing Traders:
Consider speculative entries within the support zone with tight stop-losses below $0.0657.
Wait for a confirmed breakout above $0.1189–$0.1632 for trend validation.
Long-term Investors:
This zone presents a compelling Dollar-Cost Averaging (DCA) opportunity with high reward potential.
However, maintain capital discipline in case of deeper downside risk.
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💡 Conclusion:
> LRC is at a make-or-break level.
If this historical support holds and volume kicks in, we could be witnessing the early signs of a major weekly reversal.
But if the support fails, it may enter a new bearish phase with further downside.
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