Loopring (LRCTRY) Market Overview

• Loopring (LRCTRY) posted a 24-hour high of $3.694 and closed near intraday support at $3.675.
• Volume surged to 119,559 units, with $438,634 notional turnover, suggesting active accumulation.
• Momentum shifted toward overbought levels by 16:45 ET, with RSI hitting 62 and MACD forming a bullish crossover.
• A strong 5-wave impulse pattern unfolded from $3.514 to $3.694, followed by a pullback to key Fibonacci 61.8% at $3.675.
• Volatility expanded throughout the session, with price bouncing off Bollinger Band midlines multiple times.

Loopring (LRCTRY) opened at $3.494 on 2025-08-26 at 12:00 ET and closed at $3.675 by 12:00 ET the following day, hitting a high of $3.694 and a low of $3.489. Total trading volume reached 119,559 units, with a notional turnover of $438,634.

Structure & Formations

A strong 5-wave bullish impulse pattern developed from $3.489 to $3.694, indicating momentum-driven buying pressure. A corrective pullback followed, finding support at the 61.8% Fibonacci retracement level at $3.675, which also aligns with a Bollinger Band midline. A potential continuation pattern is emerging, with a bullish engulfing pattern forming at $3.644 to $3.667.

Moving Averages

On the 15-minute chart, price closed above the 20-period and 50-period SMAs, confirming a short-term bullish bias. The 50-period SMA at $3.628 and 20-period SMA at $3.639 suggest that the trend remains intact. Daily indicators suggest that the 50- and 100-day moving averages are likely aligned in a bullish configuration, though this data is not included in the 15-minute OHLCV set.

Momentum & Overbought/Oversold Conditions

The 14-period RSI climbed into overbought territory by 16:45 ET, peaking at 62. A slight divergence appeared as price extended to $3.694, but the pullback to $3.675 validated the level as strong support. MACD crossed above the signal line around 08:00 ET, forming a bullish crossover, which aligns with the expanding volume pattern.

Bollinger Bands

Volatility increased steadily over the session, with price ranging between the upper and lower bands and frequently touching the midline. The expansion suggests growing market participation and could indicate the early stages of a breakout. The current price of $3.675 is comfortably above the 20-period Bollinger Band midline, reinforcing the bullish setup.

Volume & Turnover

Volume spiked sharply during the final hours of the session, especially between 14:00–15:00 ET, when notional turnover hit $438,634. This activity aligns with the price surge to $3.694, suggesting strong institutional or large-cap buyer participation. A volume divergence did not occur during the pullback to $3.675, which adds credibility to the support level.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from $3.489 to $3.694, the 61.8% retracement level at $3.675 acted as a strong support. Further pullbacks to the 50% level at $3.642 may offer additional opportunities. Daily Fibonacci levels are not included in this 15-minute dataset but likely align with the broader bullish trend.

LRCTRY appears well-positioned for a continuation of the recent bullish momentum, with a potential target toward $3.72–$3.75. Traders should watch for a breakdown below $3.642 to signal increased risk. As with any market, sharp reversals are possible in the next 24 hours, so risk management remains critical.