Loopring Is Poised for the Upside
Loopring (LRC) is rising by 7.8% to $0.1164 this week, while Bitcoin (BTC) is leading the broader crypto market with a 17.0% rally to $110,500, slightly retreating from its new all-time high at $111,955. The surge is fueled by elevated optimism after the U.S. Senate passed the stablecoin GENIUS Act, which is expected to unlock significant capital inflows into the crypto market.
LRC remains highly correlated with overall market sentiment and is now showing signs of a potential breakout. With Bitcoin retesting its former resistance at $108,000–110,000 and aiming for $118,000–120,000, Loopring could quickly catch up. The token is trading near its lows, which could make the rally to $0.2000—about 72% above current levels—particularly sharp and fast.
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