Market Overview for Loopring/Tether (LRCUSDT) - September 22, 2025

• Loopring/Tether (LRCUSDT) broke key support near $0.0914, closing near session lows amid rising volume.

• Momentum weakened throughout the session, with RSI showing oversold conditions below 30 during the final hours.

• Volatility expanded significantly after midnight ET, with price plunging to $0.081 amid a massive 15-minute candle.

• Bollinger Bands widened dramatically, indicating heightened uncertainty and potential for a sharp reversal.

• A bearish breakdown below $0.0914 confirmed bearish control, with Fibonacci levels now indicating critical support near $0.0883.

LRCUSDT opened at $0.0917 on September 21 at 12:00 ET, surged to a high of $0.0923, then dropped to a low of $0.081 by 06:15 ET on the 22nd, closing at $0.0843 at 12:00 ET. The 24-hour volume was 14,064,399 and turnover reached $1,178,280, with a sharp acceleration during the early morning hours.

Over the past 24 hours, LRCUSDT has seen a sharp bearish trend driven by a key breakdown below $0.0914 and a rapid drop to $0.081 on September 22. This breakdown coincided with a massive increase in volume and a corresponding price drop, confirming bearish momentum. Key support levels include $0.0883 and $0.0861, while resistance is now redefined closer to $0.0893 and $0.0914. On the 15-minute chart, the price formed a series of bearish engulfing patterns, particularly in the early morning hours.

The 20-period and 50-period moving averages on the 15-minute chart are both significantly below the current price, indicating strong bearish divergence. On the daily chart, the 50- and 200-period moving averages suggest the pair is in a longer-term bearish phase, with the price currently below both. These moving averages suggest further downside may be likely unless the pair can retest and hold above $0.0914.

The MACD turned negative in the early morning hours and has remained bearish since, while the RSI hit oversold levels below 30. This indicates a high probability of a near-term bounce, but the overall bias remains bearish. Bollinger Bands expanded significantly during the sharp sell-off, with the price dropping to the lower band. Volatility remains elevated, and a retest of the upper band would likely require a reversal above $0.0914.

The Fibonacci retracement levels from the key $0.0923 high to the $0.081 low suggest possible near-term support at $0.0847 (38.2%) and $0.0830 (61.8%). A break below $0.0830 may lead to a test of $0.081 again, where previous support held. These levels may provide key decision points for traders in the coming 24 hours.

Backtest Hypothesis

A potential backtest could focus on identifying key Fibonacci retracement levels and Bollinger Band interactions as reversal signals. For example, a short trade could be triggered on a break below $0.0883 with a stop above $0.0914, aiming for $0.0861 or $0.0843. Conversely, a long trade might be initiated on a retest of $0.0883 or $0.0893, with a stop below $0.0861 and a target at $0.0893–$0.0914. This approach would leverage both technical levels and momentum indicators to balance risk and reward.