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Summary
• Price formed key support at $0.0525 and tested resistance at $0.0535 in a 24-hour range-bound pattern.
• Volume surged near $0.0525 but failed to confirm a bullish breakout, indicating bearish control.
• RSI signaled overbought conditions briefly, followed by a retest of key levels, showing indecision.
• Volatility increased during afternoon hours, with Bollinger Bands widening around key support.
• Fibonacci 38.2% retracement at $0.0529 acted as minor resistance during the rebound attempt.
The Loopring/Tether pair (LRCUSDT) opened at $0.0537 on 2025-12-28 at 17:00 ET and closed at $0.0526 as of 2025-12-29 at 12:00 ET. The 24-hour high was $0.0539, and the low reached $0.0518. Total volume traded amounted to approximately 11.2 million tokens, with a notional turnover of $595,700.

The market appears to be consolidating ahead of a potential breakout, with $0.0525 acting as a psychological floor. A test of this level again may trigger a short-term bounce, but bearish momentum remains intact. Traders should remain cautious in the next 24 hours as any breakout attempt could face immediate countertrend pressure.
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