Market Overview: Loopring/Tether (LRCUSDT) – 24-Hour Analysis as of 2025-10-10

• Loopring/Tether (LRCUSDT) surged from $0.0829 to a 24-hour high of $0.0894 before consolidating, showing strong upward momentum.
• A bearish reversal pattern emerged after a sharp rally, with price falling below key resistance at $0.0891.
• Bollinger Bands show expanding volatility, while RSI is approaching overbought levels after the recent move.
• Volume spiked during the rally but has cooled post-peak, indicating cautious follow-through buying.
• Fibonacci levels suggest potential support near $0.0845 and $0.0829 if the current pullback continues.

At 12:00 ET − 1 on 2025-10-10, Loopring/Tether (LRCUSDT) opened at $0.0833 and reached an intraday high of $0.0894 before closing at $0.0893 at 12:00 ET. The 24-hour low was $0.0826. Total trading volume amounted to 13,819,720, while notional turnover (amount) totaled 96. The price action has shown a bullish breakout followed by early signs of consolidation.

Structure & Formations

The price formed a strong bullish impulse during the early morning hours, with a significant 15-minute candle (0230-0245 ET) reaching $0.0890. This was followed by a bearish reversal pattern at the top of the move, as the price closed below $0.0891 after a failed test of the high. Key resistance is now at $0.0891, while initial support sits at $0.0885 and $0.0845. A doji formed at the $0.0885 level, signaling indecision.

Moving Averages

On the 15-minute chart, the 20SMA crossed above the 50SMA, signaling a short-term bullish bias during the morning rally. However, after the pullback, the 50SMA is now above the 20SMA, suggesting weakening momentum. On the daily chart, the 50DMA is near $0.0870, while the 200DMA is at $0.0855, indicating long-term buyers are still active but not yet dominant.

MACD & RSI

The 15-minute MACD crossed above zero with a strong histogram, confirming the morning rally, but has since flattened as the price consolidated. RSI stands at approximately 72, indicating overbought conditions. This suggests the pullback is likely to continue or pause the upward move temporarily. A drop below 60 could trigger a deeper correction.

Bollinger Bands

Bollinger Bands expanded during the rally, with the price reaching the upper band at $0.0894 before reversing. The bands have since begun to contract slightly, which may indicate a potential pause in volatility. If the price holds above the middle band, a continuation of the uptrend is likely; a break below it could signal a deeper pullback.

Volume & Turnover

Volume surged during the morning breakout, with the largest 15-minute candle (0230-0245 ET) showing a volume of 1,613,692 and a notional turnover of 142. However, since that peak, volume has been declining, suggesting reduced conviction in the upward move. A divergence between price and volume is evident, with the latter failing to confirm follow-through buying at higher levels.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from $0.0826 to $0.0894, the 61.8% retracement level is at $0.0872, a potential area for a pause or bounce. The 38.2% retracement is at $0.0863, which has already been tested. Daily Fibonacci levels from the prior swing suggest $0.0845 as a key support, with $0.0855 as a minor support.

Backtest Hypothesis

A potential backtesting strategy for LRCUSDT could involve a breakout system triggered by the 20SMA crossing above the 50SMA on the 15-minute chart, combined with volume confirmation. If this crossover occurs alongside a surge in notional turnover (as seen in this case), it would signal a high-probability entry point. A stop-loss could be placed just below the most recent swing low, while a target could be set at the prior Fibonacci resistance level. Given the recent pullback and bearish reversal pattern, a short-term bearish trade with a tight stop above the $0.0891 level could also be viable, particularly if RSI breaks below 50. This approach aligns with both the momentum and structure indicators discussed.