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LOOM/USDT Technical Analysis – Potential 130% Upside
Current Setup:
LOOM/USDT is displaying a bullish accumulation pattern within the $0.068–$0.065 range, forming a strong base for potential upside movement.
Entry Zone: $0.068–$0.065 (Accumulation area)
Targets:
Target 1: $0.092 (Initial resistance breakout target)
Target 2: $0.115 (Intermediate resistance)
Target 3: $0.150 (Extended target based on historical price action)
Stop Loss: $0.054 (Below key support for risk management)
Resistance Levels:
A critical resistance zone lies at $0.069–$0.072. A confirmed breakout above this level could initiate a strong upward momentum, leading to significant price appreciation.
#LOOM #altcoins $BTC
Current Setup:
LOOM/USDT is displaying a bullish accumulation pattern within the $0.068–$0.065 range, forming a strong base for potential upside movement.
Entry Zone: $0.068–$0.065 (Accumulation area)
Targets:
Target 1: $0.092 (Initial resistance breakout target)
Target 2: $0.115 (Intermediate resistance)
Target 3: $0.150 (Extended target based on historical price action)
Stop Loss: $0.054 (Below key support for risk management)
Resistance Levels:
A critical resistance zone lies at $0.069–$0.072. A confirmed breakout above this level could initiate a strong upward momentum, leading to significant price appreciation.
#LOOM #altcoins $BTC
Bilal Kazam Bhatti :
good
#LOOM
The Loom Network is a blockchain platform designed to provide solutions for building decentralized applications (dApps) and games. It aims to address some of the scalability and performance issues associated with existing blockchains, particularly Ethereum.
The Loom Network was co-founded by James Duffy, Matthew Campbell, and Luke Zhang. James Duffy primarily served as the company's Chief Technology Officer (CTO). He mainly participated in the technical development of the platform. Before co-founding Loom Network, he had a background in software development. Luke Zhang is another co-founder and the Chief Design Officer at Loom Network. He is responsible for the design and user experience aspects of the platform.
Loom Network offers a solution to the scalability problem that many blockchain platforms, including Ethereum. It introduced the concept of sidechains, which are separate chains linked to the Ethereum mainnet, designed to handle specific DApps or use cases. This allowed for faster and more cost-effective transactions and smart contract execution.
One of the main goals of the Loom Network is to make it easier for developers to create DApps. They provided tools and resources to simplify the development process, including their own software development kit (SDK) and a dedicated blockchain for DApps. Loom Network also offers tools for building smart contracts, connecting DApps to the Loom Network, and creating user-friendly interfaces.
Loom Network primarily targets applications in the gaming and social networking spaces. The sidechains approach made it possible to create DApps with high-speed transactions, which was particularly important for gaming applications.
The project has its own implementation of a Plasma sidechain, which is a technique for achieving scalability while still benefiting from
The total supply of the LOOM tokens is 1,300,000,000 LOOM and as of October 18, 2023, the circulating supply is 1,219,425,698 LOOM.
The Loom Network is a blockchain platform designed to provide solutions for building decentralized applications (dApps) and games. It aims to address some of the scalability and performance issues associated with existing blockchains, particularly Ethereum.
The Loom Network was co-founded by James Duffy, Matthew Campbell, and Luke Zhang. James Duffy primarily served as the company's Chief Technology Officer (CTO). He mainly participated in the technical development of the platform. Before co-founding Loom Network, he had a background in software development. Luke Zhang is another co-founder and the Chief Design Officer at Loom Network. He is responsible for the design and user experience aspects of the platform.
Loom Network offers a solution to the scalability problem that many blockchain platforms, including Ethereum. It introduced the concept of sidechains, which are separate chains linked to the Ethereum mainnet, designed to handle specific DApps or use cases. This allowed for faster and more cost-effective transactions and smart contract execution.
One of the main goals of the Loom Network is to make it easier for developers to create DApps. They provided tools and resources to simplify the development process, including their own software development kit (SDK) and a dedicated blockchain for DApps. Loom Network also offers tools for building smart contracts, connecting DApps to the Loom Network, and creating user-friendly interfaces.
Loom Network primarily targets applications in the gaming and social networking spaces. The sidechains approach made it possible to create DApps with high-speed transactions, which was particularly important for gaming applications.
The project has its own implementation of a Plasma sidechain, which is a technique for achieving scalability while still benefiting from
The total supply of the LOOM tokens is 1,300,000,000 LOOM and as of October 18, 2023, the circulating supply is 1,219,425,698 LOOM.
LOOM SHORT SIGNAL 🤑
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$LOOM
#LOOM Effective Trade Alhamdulillah Gives Beautiful Profit In One Scalp Trade💪
Look at Before/After Analysis
You Missed One More Very very big and very quick profit
💥🚀
Because of this accuracy of my Trades, we are controlling the Chart of Our Trades.
Finally, diversify your portfolio to mitigate risk and enhance profitability.
#nomaeffect
#BinanceTurns7
#SOFR_Spike
#Write2Earn
$LOOM