/USDT Technical Analysis
Loopring ($LRC) has been on a steady uptrend after its accumulation phase, showing strong potential for a breakout. The recent spike in volume supports the idea of an upcoming rally. Here are the three key targets to watch for:
1. Target 1: $0.30 â This is the primary target, as the momentum builds. It will act as a resistance level, and a clear break could trigger further upward movement.
2. Target 2: $0.35 â If $0.30 is breached, this next level comes into play. Weâll be watching how the price reacts to market sentiment and Bitcoinâs influence.
3. Target 3: $0.40 â A long-term goal if bullish momentum continues. This target will be closely tied to Bitcoin's overall trend and broader market conditions.