LRC +2.64% in 24 Hours Amid Deteriorating Technical Indicators

On OCT 31 2025, LRC rose by 2.64% within 24 hours to reach $0.0663, LRC dropped by 6.37% within 7 days, dropped by 21.12% within 1 month, and dropped by 66.02% within 1 year.

The token has shown mixed short-term volatility against a broad long-term bearish trend. Despite a recent 24-hour gain, the 7-day decline of 6.37% and the month-long slide of 21.12% underscore the ongoing bearish momentum. The 1-year drop of 66.02% reflects a severe bear market in place.

Technical indicators remain bearish. The 50-day and 200-day moving averages are in a steep downward trend, with price action frequently failing to break above the 50-day line. Relative Strength Index (RSI) levels hover near oversold territory, but this has not triggered a reversal. Bollinger Bands have remained tightly compressed, suggesting low volatility and the potential for a breakout or breakdown.

The broader market backdrop and macroeconomic factors are not directly influencing LRC at this moment. The token is largely decoupled from external market events, including economic reports or major crypto announcements. As a result, the recent price fluctuation appears to be a function of internal market dynamics, such as algorithmic trading strategies and sentiment shifts among retail investors.

Backtest Hypothesis

Given the current technical setup, a backtest could explore the effectiveness of a mean-reversion strategy based on RSI and Bollinger Band conditions. A hypothetical strategy would trigger buy signals when RSI dips below 30 and price falls below the lower Bollinger Band, with sell signals at RSI above 70 or price crossing the upper band. This approach aligns with the observed compression of volatility and potential for a breakout.