Professional Analysis Update
Traders, we currently have $LOOM performing in a buying zone in the US$0.10 region, with an opening for a rise to US$0.15 levels. Thus bringing a 50% increase in the price.
Much will depend on the main trend that $BTC should follow in the coming weeks. But with this possible capital inflow into $LOOM we can see an increase again to the levels mentioned at US$ 0.15, where we are looking for the region now in March.
Due to the current zone, we have captured the concentration of the monthly volume range and with a Breaker Block open close to US$ 0.13 we have a very fast opening for upward movement.
The main institutional volume on $LOOM was below $0.10.
At the same time with the possible rise to the resistance at US$0.15 we can subsequently see a break of the resistance seeking even higher levels after the $BTC Halving.
This review is provided for informational and educational purposes only. It should not be construed as investment advice, financial advice or a solicitation to buy or sell any assets.
