Bulls Lift LRC Price from 7-Day Low: Will Resistance Hold?

• LRC price battles resistance at $0.2318, eyeing $0.2350 if bulls prevail.
• Bearish momentum wanes in the LRC market as bulls raise the price from the 7-day low.
• Technical indicators reflect traders are taking a “wait and see” approach.

With the price fluctuating between a 7-day low of $0.2258 and 24-hour resistance of $0.2318, bulls and bears each had some degree of control over the Loopring (LRC) market in the previous 24 hours. The next level of resistance to look for is around $0.2350 if the bulls break through the $0.2318 resistance.

However, the next support level to watch would be around $0.2200 if the bears gain control and drive the price below the 7-day low of $0.2258. The bulls were still in charge at the time of publication, causing a 1.14% increase from its previous close of $0.2305.

The 24-hour trading volume for LRC decreased by 35.71% to $10,955,546, even though its market capitalization increased by 1.11% to $306,952,320. Despite the decline in trading volume, this move reflects the increased interest and activity in the LRC market. It suggests that investors are willing to hold onto their positions and are still upbeat about the currency’s …

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