Loopring (LRC)

With a double bottom reversal from the $0.01182 support level, the uptrend in the LRC price reflects strong momentum. The bullish uprising challenges the overhead trendline of a falling channel formed during the correction phase.

Further, the bullish crossover in the VI lines and the 24% hike in 7 days increase the chances of a breakout run. Based on the Fibonacci levels, the uptrend in the DeFi token can reach the 50% level at $0.2525 next week. In the altcoin season, the uptrend can reach the 1.618 Fibonacci level at $1.37. $LRC