$LRC soared by +35% in a day, showing a huge buying impulse.
Bullish Signal: The price holds above key EMAs, confirming a short-term upward trend. Buyers are currently dominant!
If we can maintain support around $0.065, the target becomes a retest of resistance at $0.077 - $0.080.
📉 Fundamental "Red Flags"
Here are risks that cannot be ignored:
✅Restructuring: Loopring is closing some products (including Loopring Wallet) to focus on Core L2 technology. This may reduce overall activity in the ecosystem.
✅Change in Leadership: The resignation of the CEO adds uncertainty regarding future strategy.
🎯 My Prediction:
The movement of $LRC is now highly speculative. It is a "momentum play."
I do not enter "at highs" and advise caution.
Watch $0.065! Holding this level gives hope for continued growth.
REMEMBER ABOUT SL! The risk is fundamentally strong, but the events are interesting👇
