Loopring (LRC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has declined 6.67% to $0.4256699016.
Moderately VolatileInvestorsObserver gives Loopring a moderate volatility rank of 45, placing it in the bottom 45% of cryptos on the market.
The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. LRC's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
Loopring price is favorably positioned going forward. With support set at $0.390402989497839 and resistance at $0.439773010125814. This positions Loopring with room to run before facing selling pressures.