Loopring Price Prediction: Falling Wedge Points to a Breakout
Loopring price has been in a strong bearish trend in the past few weeks. The LRC coin plunged to a low of $0.2070, which was about 51% from its highest level this month.
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Loopring price has been in a strong bearish trend in the past few weeks. The LRC coin plunged to a low of $0.2070, which was about 51% from its highest level this month.
While cryptos are struggling in 2022, it opens up an opportunity for investors to scoop up some projects with upside catalysts for cheap.
Bitcoin (CRYPTO: BTC), the most valued cryptocurrency in the world, climbed past the $21,000 level over the weekend, but pared gains to trade lower this morning on Monday. U.S. released jobs reports on Friday, which showed the country's economy adding 261,000 jobs last month, beating average economist estimates of 205,000 jobs.
Loopring price declined sharply during the weekend after the platform went through a major DDoS attack that knocked it offline for 11 hours.
This article is all about the top 5 cryptocurrencies that displayed good performance in the last seven days. Let's take a look at it in more detail.
The last 24 hours saw a surging performance by leading layer 2 zkRollup protocol's native token, Loopring [LRC]. Data from cryptocurrency social analytics platform LunarCrush revealed that the asset's price rallied astronomically by 52%.
Loopring (LRC-USD) price predictions are a hot topic with crypto traders on Friday as it sees major gains alongside heavy trading volume!
Loopring has soared 49.5%, Polygon is up 21.6%, Lido DAO has gained 17%, and several Ethereum DeFi tokens have posted double-digit gains.
Loopring becomes most profitable cryptocurrency on market without anything happening around token
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The Loopring price is down by 18 per cent this month, extending the 15 per cent drop it went through in September.
The Ethereum-based layer 2 solutions are gaining huge attention in recent times due to the fees Polygon (MATIC) Matic price, in recent times, has leaped beyond the crucial levels while Bitcoin & other altcoins were heavily consolidating. It surged above the resistance at $0.84 and marked the monthly highs at around $0.87.
Loopring price moved sideways this week and is hovering near its lowest level on record. It was trading at $0.30 on Thursday
On September 18th, Loopring price dropped below the $0.32 support level after plunging by 8 per cent and has traded sideways since then.
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For three months, the Loopring price has traded within the narrow price range of $0.32 and $0.47. In a number of sessions,
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As the name implies, DeFi stands for decentralized finance, a phenomenon that has brought decentralization into the traditional finance sector, complementing what it used to be. Decentralized finance platforms take the same task as traditional financial services- buying, borrowing, selling- removing the third party.
Smaller cap crypto projects are something every investor should be aware of. Investing is not only a matter of picking the right project but also picking the right project at the right time.
A break of the $0.32 level would make Loopring price prediction extremely bearish. Bears could potentially tank the price to the $0.20 level.
The price of LoopRing (LRC) has shown no sign of relief bounce against Tether as it continues to range in its low region. Despite relief bounces shown by other cryptocurrencies across the market, some producing double-digit gains, LoopRing price continued to look dormant.
The global crypto market has changed its direction as various coins have turned bullish. The value of Bitcoin saw improvement as it reduced losses.
The Loopring price history for the past few weeks has seen it go from trading aggressively upwards within an ascending channel