Latest Loom Network (LOOM) Price Analysis

Deep Dive

1. Technical breakdown

LOOM broke below its 7-day SMA ($0.00197) and 30-day SMA ($0.00174) – critical support levels that had stabilized prices since mid-June 2025. The MACD histogram (+0.0000516) shows weak bullish momentum failing to overcome the bearish signal line. With RSI(14) at 50.85 (neutral), there’s no oversold bounce catalyst.

2. Liquidity erosion

Three major exchanges delisted LOOM since August 2024 (Upbit, KuCoin, Bitvavo), removing ~$1.5M daily volume. Current 24h volume ($1.02M) sits 13% below its 30-day average, creating vulnerability to whale sells – 95.97% of supply is concentrated in whale wallets.

3. Market dynamics

Bitcoin dominance rose 0.75% to 60.8% in 24 hours as the Altcoin Season Index fell 4.65% to 41. LOOM’s 90-day correlation with BTC strengthened to 0.82, amplifying downside when capital rotated to large caps.

Conclusion

LOOM’s decline combines technical breakdowns with structural liquidity challenges and unfavorable sector rotation. With exchange support dwindling and whale wallets dominant, what catalysts could reverse the 92% annual decline trend?

Deep Dive

1. Technical context

LOOM broke above its 7-day SMA ($0.00199) and 30-day SMA ($0.00172) on rising volume, with the MACD histogram turning positive (+0.000061) for the first time since April 2025. The RSI-7 (51.97) shows room for further upside before overbought levels.

However, the 200-day SMA ($0.0264) remains 92% above current prices, highlighting LOOM's long-term bearish structure. Immediate resistance sits at the 23.6% Fibonacci retracement ($0.002527).

2. Market dynamics

The broader crypto market shows:
- Altcoin season index up 187% in 30 days to 46/100
- BTC dominance slipping from 64.9% to 60.7% since June
- Fear & Greed Index at 70 (Greed), favoring risk-on moves

This aligns with LOOM’s 34.9% 30-day gain, though its -90.8% 90-day return underscores lingering project-specific risks from multiple exchange delistings (KuCoin, Upbit) between March-May 2025.

Conclusion

LOOM’s rally combines technical momentum with altcoin rotation, but whale-driven liquidity (96% supply concentration) and unresolved exchange support issues create asymmetric risk.

Will LOOM’s technical breakout hold if BTC dominance rebounds above 60%?