New Crypto Rally Will Keep Loopring Above $0.1000
Loopring (LRC) is down 7.3% this week to $0.1229, underperforming the broader crypto market, where Bitcoin (BTC) is declining by 2.1% to $92,343 after a 9.1% surge on Sunday. The latest rally was sparked by U.S. President Donald Trump’s Truth Social post, suggesting that Bitcoin, Ethereum, Ripple, Solana, and Cardano will form a U.S. strategic crypto reserve. Cardano soared 70% in a single day on the news before the market retreated as investors awaited further details.
LRC climbed 9.3% to $0.1327 on Sunday but erased most gains the next day. The nearest support sits at $0.1200, followed by $0.1000. While another wave of the crypto rally could stabilise prices above these levels, a significant surge remains unlikely.
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