Loopring Is Struggling to Continue Up
Loopring (LRC) surged by 15.0% to $0.1934 this week, significantly outperforming the broader market. In comparison, Bitcoin (BTC) added 3.0% to $91,890, indicating a pause in the Trump-driven crypto rally. BTC is currently struggling to break above the $88,000-$91,000 resistance, a critical level before the year's ultimate targets of $98,000-$100,000. Altcoins, including Loopring, remain closely tied to Bitcoin's trajectory.
While Loopring itself lacks strong fundamental drivers, with the recent launch of the Loopring Vault failing to generate significant market enthusiasm, its price action suggests speculative interest tied to broader market momentum. Should Bitcoin continue its rally toward $100,000, LRC could breach the $0.2000 resistance level, potentially accelerating further to test $0.3000.
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