Summary
• Price declined from 0.0591 to 0.0563 with bearish divergence in volume and momentum.
• A bearish engulfing pattern formed near 0.0588, followed by a breakdown below key support at 0.0581.
• Volatility expanded as price fell below lower Bollinger Band, indicating high bearish pressure.
• RSI and MACD both signaled overbought to oversold transitions, confirming a short-term reversal.
24-Hour Price and Volume Summary
Loopring/Tether (LRCUSDT) opened at 0.0591 on 2025-12-20 12:00 ET, reached a high of 0.0592 and a low of 0.0559, and closed at 0.0563 by 2025-12-21 12:00 ET. Total volume for the 24-hour period was 39,867,364.0, while notional turnover amounted to approximately $2,362,274.
Structure & Key Levels
The price action showed a bearish breakdown from 0.0591, with a bearish engulfing pattern forming on the 5-minute chart near 0.0588. A key support level at 0.0581 was then broken, followed by a further decline to 0.0563. A doji formed near 0.0575, indicating indecision, and Fibonacci retracement levels suggest 0.0563 could be a short-term 61.8% retracement of the earlier rally.
Technical Indicators
The 20- and 50-period moving averages on the 5-minute chart trended downward, confirming bearish momentum. MACD transitioned from positive to negative, and RSI dipped into oversold territory (below 30). Bollinger Bands expanded as volatility increased, and the price closed near the lower band, suggesting potential for a rebound or continuation of the bearish trend.
Volume and Turnover
Volume increased sharply as the price moved lower, especially in the 5-hour window between 02:00 and 07:00 ET. Turnover rose alongside the price drop, confirming bearish conviction. However, volume began to moderate after 09:00 ET, which could indicate a potential pause in the decline.
Forward-Looking View
Price may test the 0.0563 level for support, with a potential bounce expected if buying interest emerges. A break below 0.0560 would increase bearish risk for the next 24 hours. Investors should monitor for bullish reversal patterns and signs of volume confirmation at key levels.
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