Is $LRC Ready to Break Out or Break Down? š¤š
The current chart for $LRC doesnāt look too exciting for the bulls. The price has been in a steady decline since June, with lower highs and consistent pressure from the 99-period moving average (now at $0.1270). The token is trading below key moving averages, which are closely aligned at $0.1172 (7-period) and $0.1192 (25-period), indicating no immediate bullish momentum.
The MACD also doesnāt offer much hope. With negative values across the board and the histogram showing minor green bars, we could be seeing the start of a short-lived relief rallyābut it seems unlikely to hold without a significant boost in volume. The selling volume is still quite strong, and there's no sign of a real trend reversal.
Unless $LRC can break above the $0.13 resistance zone with strong volume, itās likely to continue testing lower levels, with $0.10 as a potential support. Traders should watch closely for a breakout or a rejection in the coming days. Right now, the market sentiment remains cautious. ā ļø
