LOOM🔥🔥🔥
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#LOOM🔥🔥🔥 😍😍😍😍😍
LOOM COIN ANALYSIS 🔥🔥 👇 BIG PUMP SOON 🔥🔥👇
#BinanceLaunchpoolHMSTR
---$LOOM
LOOM/USDT Price Action Update - Major Breakout Incoming?
LOOM/USDT has caught the attention of traders with a significant move on the daily chart. Let's dive into the key technicals and what they could mean for the price action going forward.
Key Technicals:
1. Descending Wedge Breakout: After months of consolidation, LOOM has broken out of a large descending wedge pattern. This pattern is typically a bullish reversal signal, where price consolidates with lower highs and lower lows until it breaks to the upside. A confirmed breakout could signal the end of the downtrend that started earlier this year.
2. Resistance Zone Ahead: LOOM is currently trading around $0.0598 with a daily gain of +1.87%. However, the price faces a critical resistance zone between $0.080 - $0.100, as highlighted in the chart. This region is crucial for any sustained bullish movement. A breakout above this resistance zone would signal strong buying momentum and could potentially push LOOM towards new highs.
3. Volume and Momentum: The recent price movement has been supported by a noticeable increase in volume, indicating growing market interest. If this trend continues, the likelihood of breaking above the resistance increases significantly. Watch for an uptick in volume as an early confirmation of a sustained rally.
4. Support Levels: On the downside, the $0.0394 level serves as a solid support. This level has been tested multiple times and has held strong. If LOOM fails to sustain the breakout, this would be the key area to watch for potential bounce opportunities.
5. Potential Bullish Targets:
First target: $0.080 - $0.100 (Resistance zone).
If this resistance is broken, the next potential target could be around $0.120 - $0.140, based on previous price action.
Beyond that, a more aggressive move towards $0.160 is possible in the medium term if the broader crypto market remains favorable.
Market Sentiment:
The broader market sentiment will play a key role in LOOM's price action. Keep an eye on Bitcoin and Ethereum's performance as they often influence altcoins like LOOM. A bullish move in the overall market could further fuel LOOM's breakout, while a market correction might slow down its momentum.
Conclusion:
LOOM/USDT is at a crucial juncture, with the price breaking out of a descending wedge and heading towards a significant resistance zone. Traders should closely watch for confirmation of the breakout with increased volume and sustained price action above $0.080. A failure to break above resistance could lead to a retest of support at $0.0394.
Stay vigilant, and remember to manage your risk as the crypto market can be volatile.
---
What do you think of LOOM's price action? Will it break the resistance and head to new highs? Let me know in the comments!
---
#TCPredictedNewATH
#moonbix
#BTCReboundsAfterFOMC
#CATIonBinance
---$LOOM
LOOM/USDT Price Action Update - Major Breakout Incoming?
LOOM/USDT has caught the attention of traders with a significant move on the daily chart. Let's dive into the key technicals and what they could mean for the price action going forward.
Key Technicals:
1. Descending Wedge Breakout: After months of consolidation, LOOM has broken out of a large descending wedge pattern. This pattern is typically a bullish reversal signal, where price consolidates with lower highs and lower lows until it breaks to the upside. A confirmed breakout could signal the end of the downtrend that started earlier this year.
2. Resistance Zone Ahead: LOOM is currently trading around $0.0598 with a daily gain of +1.87%. However, the price faces a critical resistance zone between $0.080 - $0.100, as highlighted in the chart. This region is crucial for any sustained bullish movement. A breakout above this resistance zone would signal strong buying momentum and could potentially push LOOM towards new highs.
3. Volume and Momentum: The recent price movement has been supported by a noticeable increase in volume, indicating growing market interest. If this trend continues, the likelihood of breaking above the resistance increases significantly. Watch for an uptick in volume as an early confirmation of a sustained rally.
4. Support Levels: On the downside, the $0.0394 level serves as a solid support. This level has been tested multiple times and has held strong. If LOOM fails to sustain the breakout, this would be the key area to watch for potential bounce opportunities.
5. Potential Bullish Targets:
First target: $0.080 - $0.100 (Resistance zone).
If this resistance is broken, the next potential target could be around $0.120 - $0.140, based on previous price action.
Beyond that, a more aggressive move towards $0.160 is possible in the medium term if the broader crypto market remains favorable.
Market Sentiment:
The broader market sentiment will play a key role in LOOM's price action. Keep an eye on Bitcoin and Ethereum's performance as they often influence altcoins like LOOM. A bullish move in the overall market could further fuel LOOM's breakout, while a market correction might slow down its momentum.
Conclusion:
LOOM/USDT is at a crucial juncture, with the price breaking out of a descending wedge and heading towards a significant resistance zone. Traders should closely watch for confirmation of the breakout with increased volume and sustained price action above $0.080. A failure to break above resistance could lead to a retest of support at $0.0394.
Stay vigilant, and remember to manage your risk as the crypto market can be volatile.
---
What do you think of LOOM's price action? Will it break the resistance and head to new highs? Let me know in the comments!
---
#TCPredictedNewATH
#moonbix
#BTCReboundsAfterFOMC
#CATIonBinance
#LOOM🔥🔥🔥
BIG PUMP BIG NEWS COME
ENTRY RANGE 0.12
TARGET 3X PROFIT
0.15
0.2
0.3
0.4
0.5
BUY BUY SPOT NO.FUTURE TRADE
BIG PUMP BIG NEWS COME
ENTRY RANGE 0.12
TARGET 3X PROFIT
0.15
0.2
0.3
0.4
0.5
BUY BUY SPOT NO.FUTURE TRADE
🚀 Stop Only 🚀
#HotTrends
#LOOM🔥🔥🔥
BIG PUMP BIG NEWS COME
ENTRY RANGE 0.125
TARGET 3X PROFIT
1🎯 0.15
2🎯 0.2
3🎯 0.3
4🎯 0.4
5🎯 0.5
BUY BUY SPOT NO.FUTURE TRADE
BIG PROFIT
#HotTrends #LUNA #BTC
$LOOM $BNB $SOL
#HotTrends
#LOOM🔥🔥🔥
BIG PUMP BIG NEWS COME
ENTRY RANGE 0.125
TARGET 3X PROFIT
1🎯 0.15
2🎯 0.2
3🎯 0.3
4🎯 0.4
5🎯 0.5
BUY BUY SPOT NO.FUTURE TRADE
BIG PROFIT
#HotTrends #LUNA #BTC
$LOOM $BNB $SOL
$LOOM TO GO THE MOON !! PUMP !!
Guys as you can see it start pumping high after breaks the resistance level 0.064$ with good uptrend momentum !! Look like it will go more high with 15-30% to reach 0.074$ and makes new pattern with resistance but you can makes money at here to reach with 0.074$ !! Take your entry and hold on your position here !!
Check my latest graph below here to take your entry and makes money with bullish trend !!
#LOOM🔥🔥🔥
#LOOMUSDT
#ETH_ETF_Approval_23July
#BinanceHODLerBANANA
#BinanceTournament
$PEPE
$SHIB
Guys as you can see it start pumping high after breaks the resistance level 0.064$ with good uptrend momentum !! Look like it will go more high with 15-30% to reach 0.074$ and makes new pattern with resistance but you can makes money at here to reach with 0.074$ !! Take your entry and hold on your position here !!
Check my latest graph below here to take your entry and makes money with bullish trend !!
#LOOM🔥🔥🔥
#LOOMUSDT
#ETH_ETF_Approval_23July
#BinanceHODLerBANANA
#BinanceTournament
$PEPE
$SHIB
$LOOM Reason why i am bullish on Loom
Next Month (16/10/2024) there will be a token unlock of loom network and only people who are staking loom will get these tokens
Around 5.4Million tokens will be distributed among stakeholders and to get maximum people are now buying and holding loom network tokens
Source CMC
#SahmRule
#LOOM🔥🔥🔥
Always DO YOUR Own Research
Next Month (16/10/2024) there will be a token unlock of loom network and only people who are staking loom will get these tokens
Around 5.4Million tokens will be distributed among stakeholders and to get maximum people are now buying and holding loom network tokens
Source CMC
#SahmRule
#LOOM🔥🔥🔥
Always DO YOUR Own Research
$LOOM breaks key resistance, reaching highs not seen since July 17th, with surging trading volume confirming strong buying interest. Keep an eye on $0.062 as a potential breakout point for further upside.
#LOOM🔥🔥🔥 #LOOMUSDT #LoomNetwork
#LOOM🔥🔥🔥 #LOOMUSDT #LoomNetwork
$LOOM is the project of $ETH on later 2 , currently trading with 104 M mcap but it has the potential to do 4x from here , we maybe down to 0.055 which is stoploss for us or 4x is IMMENINAT now hold your $USDC and buy #LOOM🔥🔥🔥 , Target 🎯 0.4200 🛑 0.055 , buy from 0.08400 and .07600 always buy ok spot and DYOR #MtGox
Quick heads-up! If you are trading #LOOM🔥🔥🔥 make sure you are long! . Loom wants you to be a winner. Don't be a loser! LONG! Loom higher !