Market Overview for Loopring/Tether (LRCUSDT)

Summary
• Price fluctuated between $0.0513–$0.0522, with a 24-hour low at 00:45 ET and a high at 18:30 ET.
• Volume spiked near the 24-hour high, but turnover failed to confirm sustained bullish momentum.
• A bearish engulfing pattern formed at the 24-hour high, suggesting potential resistance.
• RSI showed oversold conditions early, followed by overbought levels late, highlighting divergent momentum.
• Volatility expanded late morning, with price testing the lower Bollinger Band for much of the session.

Loopring/Tether (LRCUSDT) opened at $0.0518 on 2025-12-29 at 12:00 ET and closed at $0.0515 24 hours later. The pair traded between $0.0513 and $0.0522, with a total volume of 10,873,821 LRC and $556,677 in turnover. The price appears to have stalled near the 61.8% Fibonacci retracement level of the recent 5-minute upswing, with bearish divergence in RSI and volume signaling caution.

Structure & Formations

The 24-hour period displayed a bearish bias with a key resistance cluster forming around $0.0520–0.0522, where several rejection candles appeared. A notable bearish engulfing pattern developed at the high, and a doji at $0.0515 during the morning hinted at indecision. The $0.0513 level acted as short-term support, with price repeatedly finding a floor there.

Moving Averages

On the 5-minute chart, Loopring/Tether oscillated above and below the 20-EMA and remained below the 50-EMA, reflecting choppy momentum. Daily MA indicators are not fully visible in the 5-minute dataset but would need confirmation to assess longer-term trend health.

MACD & RSI

The RSI moved from oversold early morning to overbought in the afternoon, but failed to maintain above 60, suggesting momentum exhaustion. The MACD histogram showed a mixed signal, with contraction in the afternoon and a small bearish cross indicating weakening bullish momentum.

Bollinger Bands

Volatility expanded late morning and persisted, with the price frequently testing the lower Bollinger Band between $0.0513–0.0515. The bands did not show a significant contraction, suggesting a lack of consolidation prior to the break.

Volume & Turnover

Volume spiked to 369,487 LRC during a key bearish candle at the 24-hour high, but turnover failed to spike in proportion, suggesting a lack of conviction. A divergence between price and volume was observed during the afternoon decline, which could indicate a potential reversal or pullback.

Fibonacci Retracements

Applying Fibonacci to the 5-minute high of $0.0522 to the low of $0.0513, price stalled near the 61.8% retracement at $0.0515, reinforcing this level as key resistance or support depending on the direction.

The next 24 hours may see a test of $0.0513 again or a breakout above $0.0520, depending on whether buying pressure reemerges. Investors should remain cautious about volatile pullbacks and watch for confirmation in both price and volume.