Market Overview for Loopring/Tether (LRCUSDT)

Summary
• Price tested key support at 0.0514–0.0516 before rebounding.
• Volatility increased midday, with a 0.8% range from 0.0514 to 0.0528.
• Turnover spiked during afternoon ET, coinciding with a bullish reversal pattern.
• MACD crossed into positive territory, suggesting short-term momentum may favor buyers.
• RSI remains within balanced levels, avoiding overbought or oversold extremes.

24-Hour Price and Volume Summary

Loopring/Tether (LRCUSDT) opened at 0.0529 on 2026-01-07 12:00 ET, reached a high of 0.0533, and a low of 0.0514 before closing at 0.0520 at 12:00 ET on 2026-01-08. Total volume was 9,626,436.0, while notional turnover amounted to $497,611.35.

Structure and Momentum

The 24-hour period featured a bearish breakdown from a 0.0528–0.0532 resistance range into a key support area at 0.0514–0.0516, where price found a temporary floor. A bullish reversal candle at 0.0516–0.0519 suggested possible support resilience. The MACD crossed into positive territory during the late afternoon ET rebound, indicating potential buying momentum could continue. RSI remained neutral, avoiding overbought or oversold extremes, which suggests the market may remain range-bound or consolidate.

Volatility and Turnover

Bollinger Bands showed a moderate contraction during the overnight hours, followed by a widening as price tested the 0.0514 level, indicating a potential shift in volatility. Volume and turnover were elevated during the late afternoon and evening ET, especially between 14:30 and 16:00 ET, coinciding with a sharp 0.0520–0.0528 rally. No significant divergence was observed between price and turnover, implying the price move was supported by liquidity.

Fibonacci and Key Levels

Fibonacci retracements on the 0.0514–0.0533 swing identified 61.8% at 0.0523 and 38.2% at 0.0527 as potential pivot levels. Price stalled at the 61.8% level during the afternoon rebound, suggesting it may act as short-term resistance. A break below 0.0514 would target the next Fibonacci level at 0.0511.

While the current price appears to stabilize near 0.0520, traders should watch for a sustained close above 0.0527 to confirm a short-term bullish shift. Conversely, a breakdown below 0.0514 may invite further downside. As always, volatility and sudden liquidity shifts remain key risks for the next 24 hours.