Loom Network (LOOM) Price Prediction

Deep Dive

1. Major Exchange Delistings (Bearish Impact)

Overview: LOOM lost spot trading on Binance (August 2024), Upbit (May 2025), and KuCoin (April 2025), triggering immediate price declines of 14-39% per announcement. These exits reduce liquidity (current 24h volume: $686k) and institutional access.

What this means: Exchange removals amplify sell pressure as holders exit positions pre-delisting, while diminished market access limits new buyer inflows. Historical precedent shows similar tokens rarely recover from multiple tier-1 delistings.

2. Technical Weakness (Bearish Impact)

Overview: Price ($0.00119) trades below all key SMAs (7-day: $0.00132, 200-day: $0.00952). RSI-7 at 28.73 signals oversold conditions but lacks reversal catalysts.

What this means: Sustained sub-SMA trading confirms bear dominance. While oversold RSI could trigger a dead-cat bounce, the 200-day SMA’s 87% premium to spot price suggests no near-term recovery runway.

3. Project Stagnation (Bearish Impact)

Overview: No major protocol upgrades since 2017 launch, with docs still referencing Plasma scaling – a solution largely abandoned by Ethereum post-2022. Last developer activity noted in 2018 LAToken listing materials.

What this means: Without use-case evolution, LOOM risks becoming a “zombie token.” ERC-20 status offers no inherent value as newer L2s (Arbitrum, Optimism) dominate Ethereum scaling.

Conclusion

LOOM’s trifecta of exchange exits, technical decay, and developmental dormancy paints a bleak outlook. Traders might monitor for short-term oversold bounces, but structural headwinds suggest continued erosion. Can Loom Network’s team deliver a roadmap revival before liquidity evaporates completely?