Market Overview for Loopring/Tether (LRCUSDT) on 2025-10-01

• Price rose from $0.0818 to $0.0888 over 24 hours, gaining ~9.8%.
• Strong bullish momentum observed in RSI and MACD with no overbought condition.
• Volatility increased as Bollinger Bands widened and price traded near the upper band.
• Volume surged in the afternoon, with the final 15-minute bar showing high turnover.
• Key resistance appears near $0.0891, with support likely at $0.0883 based on recent consolidation.

Loopring/Tether (LRCUSDT) opened at $0.0818 on 2025-09-30 12:00 ET, peaked at $0.0896, and closed at $0.0888 on 2025-10-01 12:00 ET. Total volume over 24 hours was 12,515,341.0, with a notional turnover of approximately $1,074,130. Price action showed a steady rise fueled by increasing bullish momentum and volume.

Structure & Formations

Price formed multiple bullish patterns, including a morning star near $0.0835 and a bullish engulfing pattern at $0.0845. Key support levels include $0.0832 and $0.0836, with resistance observed at $0.0883, $0.0891, and $0.0896. The formation of a consolidation phase around $0.0884–$0.0889 suggests a possible breakout is imminent.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed to the upside during the afternoon, signaling a shift in momentum. The 50SMA on the daily chart is near $0.084, which has acted as a strong support level in the recent past. The 100SMA and 200SMA on the daily chart are positioned lower, suggesting that the asset is well above its long-term trend.

MACD & RSI

MACD turned positive around 04:00 ET and maintained a bullish trajectory, with the histogram widening in the afternoon. RSI climbed above 50 and remained in the 55–65 range, indicating sustained momentum without showing overbought conditions. A reading near 60 suggests further upward movement is possible but not urgent.

Bollinger Bands

Bollinger Bands expanded in the morning, reflecting increased volatility as price broke above the upper band near $0.0891. Price closed just below the upper band at $0.0888, suggesting the upper side of the range is now becoming a new support level. The narrowing of bands earlier in the day may have signaled a period of consolidation before the breakout.

Volume & Turnover

Volume surged in the afternoon, particularly around 08:00–10:00 ET, with the largest turnover occurring in the $0.0862–$0.0896 range. The volume-to-price relationship showed strong confirmation, with higher prices coinciding with higher volumes. No significant divergence was observed between price and volume, reinforcing the strength of the recent move.

Fibonacci Retracements

Fibonacci levels on the 15-minute chart indicated that $0.0883 (38.2%) and $0.0889 (61.8%) acted as key support and resistance. On the daily chart, the 61.8% level at $0.0890 has been tested twice and appears to be a critical area for further price action. The 78.6% level near $0.0905 could be a next target if the bullish trend continues.

Backtest Hypothesis

The backtest strategy under consideration leverages bullish divergence in RSI and a golden cross in the 20/50 moving average crossover on the 15-minute chart. The strategy would enter long positions when RSI crosses above 55 and the 20SMA crosses above the 50SMA, with a stop-loss placed just below the 20SMA. This approach aligns with the current setup, where RSI and MACD remain in bullish territory, and the 20/50 crossover is already in place. Testing this strategy on historical data for LRCUSDT would help validate its effectiveness in the current low-volatility environment.