$LRC /USDT Defies Gravity with Explosive 25% Surge

The DeFi token LRC is making a dramatic move. Price has catapulted to $0.0622, marking a staggering intraday surge of 25.15%. The trading session has been a frenzy, with the price oscillating between a 24-hour low of $0.0497 and a high of $0.0916.

Market activity is off the charts. A colossal 523.91 million LRC has changed hands, translating to a massive $34.82 million in USDT volume over the last 24 hours.

The chart tells a story of intense volatility. After a sharp spike towards the $0.0916 high, the price has retreated to current levels, finding immediate support above the 7-period moving average at $0.0532. However, it remains well below the key 99-period MA at $0.0723, indicating significant overhead resistance.

Current momentum is fiercely bullish but tested. With volume hitting 281.42 million against a much lower 5-period average of 111.19 million, the buying pressure is undeniable yet may be exhausting. The battle lines are drawn between the bulls aiming for a retest of the high and the bears defending the $0.0723 resistance level. The next move will be decisive.

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