Market Overview for Loopring/Tether (LRCUSDT)

Summary
• Price dropped to a 24-hour low of $0.0543 after a sharp selloff from $0.0573.
• Volume spiked to 3.49 million at the 23:45 ET candle as price broke below key support.
• RSI signaled oversold conditions near 28 by 05:30 ET, suggesting potential short-term rebound.
• Bollinger Bands widened sharply during the sell-off, indicating rising volatility.
• A bullish hammer formed near $0.0543–0.0544, hinting at possible near-term support holding.

At 12:00 ET–1 on 2025-12-26, Loopring/Tether (LRCUSDT) opened at $0.0569, reached a high of $0.0573, and a low of $0.0543, closing at $0.0545 by 12:00 ET. Total volume was 8,358,490, while notional turnover amounted to $458,841 over the 24-hour window.

Price Action and Key Levels

LRCUSDT experienced a sharp decline starting around 23:45 ET, breaking through the 0.056–0.0565 support range and testing a new 24-hour low near $0.0543. A key support level appears to have formed in the 0.0543–0.0546 range, coinciding with a bullish hammer pattern. Resistance is now likely at $0.0557–0.0559, where the price has previously stalled in early morning consolidation.

Momentum and Volatility

MACD turned negative during the selloff, confirming bearish momentum, while RSI reached oversold territory (around 28) by 05:30 ET, suggesting potential for a short-covering rally. Bollinger Bands widened significantly during the sell-off, indicating a period of heightened volatility. The price has since shown signs of consolidating above the lower band, hinting at stabilizing behavior.

Volume and Turnover

Volume spiked dramatically during the 23:45 ET candle at 3.49 million, coinciding with the breakdown of key support. Notional turnover mirrored this spike, showing strong conviction in the bearish move. However, volume has since decreased, indicating a potential slowdown in selling pressure. Price and turnover aligned during the selloff but diverged during the consolidation phase.

Forward Outlook and Risk

Price may test the 0.0543–0.0546 support in the next 24 hours, with a potential bounce toward 0.0555–0.0557 if buyers step in. However, a break below 0.0543 could trigger further downside. Investors should monitor the 0.055–0.0555 range as a key area to watch for reversal signals.