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Summary
• Price surged to 0.0514, then consolidated near 0.0498 at 12:00 ET.
• Strong volume and turnover seen during the 06:00–09:00 ET rally.
• MACD showed bullish divergence before a pullback, RSI suggests overbought conditions.
• Key resistance at 0.0503 and support near 0.0496 identified.
• Bollinger Bands tightened midday, signaling potential for a breakout.
At 12:00 ET on 2025-12-06, Loopring/Tether (LRCUSDT) opened at 0.0488, hit a high of 0.0514, fell to 0.0481, and closed at 0.0498. Total volume was 8,510,152.0, with a notional turnover of approximately $422,987.
Structure & Formations
Price broke above a prior high of 0.0503 before a consolidation phase, suggesting a test of psychological resistance at 0.05. A bullish engulfing pattern was observed near 0.0498, while a hanging man pattern may signal caution at 0.0504.
Moving Averages and Momentum
The 20-period and 50-period moving averages on the 5-minute chart crossed during the morning rally, confirming a short-term bullish shift. MACD diverged during the pullback after the high, while RSI reached overbought levels, indicating potential for a retrace.
Volatility and Bollinger Bands
Volatility surged during the 06:00–09:00 ET window, with price moving well above the upper Bollinger Band. A period of contraction occurred midday, followed by a slight breakout attempt.
**

Volume and Turnover
The largest volume spike occurred at 06:00 ET, with a massive 2.18 million volume and a high of 0.0514. Turnover matched this spike at over $108,000, suggesting strong conviction in the move. Later volume was relatively subdued, indicating consolidation rather than conviction.
**
Fibonacci Retracements
A major 5-minute swing from 0.0481 to 0.0514 saw a retest of 61.8% at 0.0499, which held into the close. A daily swing from 0.0489 to 0.0498 shows a possible 38.2% retracement at 0.0492 as a near-term support level.
Price may test 0.0503–0.0507 resistance before the next 24 hours. A break below 0.0496 could trigger a pullback. Investors should remain cautious about short-term overbought conditions and volatile swings.
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