I think Loopring is accumulating in the area below February's ATH creating a typical Cup that will be filled before setting up for a new ATH, doubling the previous ATH, possibly in June.
Comment:
On May 12th Loopring hit a new ATH at $0.935 as predicted on April 13th.
At time of writing it has been rejected and it's struggling to keep the growth, but the RSI on daily has still something to grow and is pointing upward. It looks similar to the previous price action on January, when it established ATH at $0.63 starting from 0.175 three days before.
This trend could be invalidated in the short term, in case the price of LRC would dip below the ascending trendline, around 0.63-0.61
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At time of writing it has been rejected and it's struggling to keep the growth, but the RSI on daily has still something to grow and is pointing upward. It looks similar to the previous price action on January, when it established ATH at $0.63 starting from 0.175 three days before.
This trend could be invalidated in the short term, in case the price of LRC would dip below the ascending trendline, around 0.63-0.61