Loopring to cease wallet operations on June 30
Loopring Wallet Shutdown: Loopring has announced that its wallet operations will cease by June 30, 2025, urging users to withdraw their assets before the shutdown. The mobile app will no longer receive updates and will eventually be removed from app stores.
Impact on LRC Token: Following the announcement, the LRC token experienced a decline of 4%, contributing to a total loss of 13% over the past week, amid concerns stemming from a previous security breach in June 2024.
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Technical Analysis for LRC
Technical Sentiment Analysis for Loopring (LRC) As of , Loopring (LRC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LRC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, LRC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Loopring (LRC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0194 | 0.0256 | 0.0326 | 0.0388 | 0.0458 | 0.052 | 0.059 |
| Fibonacci | 0.0256 | 0.0307 | 0.0338 | 0.0388 | 0.0439 | 0.047 | 0.052 |
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