Loopring Is Struggling to Survive at $0.1000
Loopring (LRC) is down nearly 4% to $0.0934, slightly outperforming the broader crypto market, where Bitcoin (BTC) is declining by 5.25% to $82,152. Cryptocurrencies remain under heavy pressure as a massive sell-off in risky assets continues, driven by the escalation of the global trade war. The S&P 500 index has dropped 5.9% this week following retaliatory tariff measures from China.
Despite some calling it a "deceased project," LRC is attempting to hold its ground. The key technical level remains at $0.1000—reclaiming this threshold is crucial for maintaining upside potential. If the token can stabilize above this level, a move toward the $0.2000 resistance could come into play.
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