Key Takeaways
- Loom Network Current Status: Loom Network price is currently priced at , showing a 13.3% increase over the last 24 hours. With a circulating supply of 1.23 billion LOOM, its market capitalization has reached $66.9 million.
- Market Performance: Over the past week, Loom Network price has experienced a notable 19% increase in price, despite having a fear-driven sentiment score of 33 on the Fear-Greed Index. With half of its recent trading days being in the green, the token has shown resilience amidst broader crypto market volatility.
- Technical Analysis: Loom Network price has broken above its 50-day Exponential Moving Average (EMA) of $0.048 and is approaching key resistance levels. The next critical milestone is breaking the 200-day EMA at $0.066, with resistance pegged at $0.073 (R3 Fibonacci pivot), while support stands at $0.04.
- LOOM Price Predictions: If LOOM price surpasses the 200-day EMA and the $0.073 resistance, it could rally toward the psychological level of $0.1. Technical indicators, including the RSI and MACD, are expected to support a bullish trend as momentum builds.
- Future Outlook: Loom price outlook is positive, with the potential to continue its upward momentum, particularly as technical patterns show strength. Support around $0.04 offers a solid base, and any sustained bullish trend could see the token approach $0.1 in the short term.
Where will Loom Network Price Head Next?
- Loom Network price has been on a downward trend all through 2024, after having created a YTD high near mid-March 2024. However, over the past 24 hours, Loom price has seen a near 13% rally, marking a significant change in trend.
- LOOM price has broken above the 50-day EMA as well as the base Fibonacci pivot for September 2024. In the forthcoming days, a breakout above the 200-day Exponential Moving Average and the R3 Fibonacci pivot at $0.073 can trigger a rally up to the psychological level at $0.1.
- On the downside, the $0.04 level at the S1 Fibonacci pivot for September should serve as a region of support for the altcoin.
| Indicator | Value |
|---|---|
|
Support levels (Fibonacci, S1/S2/S3)
|
$0.04 / $0.034 / $0.025 |
|
Resistance levels (Fibonacci, R1/R2/R3) |
$0.58 / $0.64 / $0.073
|
|
50-day EMA |
$0.048
|
|
200-day EMA |
$0.066
|
|
RSI level |
42.93 |
|
MACD level (Signal Line) |
0.00 |
Loom Network Price Prediction September 2024
For September 2024, Loom Network price is expected to trade between $0.06 and $0.065. Early in the month, Loom price may face some bearish pressure as market sentiment remains cautious. However, as the month progresses, the broader crypto market could see a shift in momentum due to the upcoming “Uptober” trend, which historically brings positive movement. Key support for Loom sits around the $0.06 level, while resistance is likely near $0.065. A potential bounce from support could push the price upward as buyers enter the market, driven by increasing trading volumes. Technical indicators such as the Relative Strength Index (RSI) may show the price nearing oversold levels, setting the stage for a bullish reversal toward the month’s end. Traders should watch for any significant breakout from the consolidation pattern, signaling the potential for a rally into October.
October 2024 is poised to be a strong month with Loom Network price ranging between $0.075 and $0.082. This month could witness a significant breakout, with Loom price surpassing the psychological resistance at $0.08. The broader crypto market enthusiasm, coupled with the seasonal “Uptober” phenomenon, is likely to fuel buying pressure, pushing Loom toward the upper end of its range and potentially as high as $0.085. Moving averages, particularly the 50-day EMA, could signal strong upward momentum, while the MACD might display increasing bullish divergence. As market excitement builds, traders should keep an eye on volume spikes, which could further confirm a solid uptrend. If the breakout holds, Loom might set new short-term highs, building momentum for the rest of Q4.
In November 2024, Loom Network price is expected to trade between $0.09 and $0.12, with potential spillover gains from October’s rally. The price could test past YTD highs, driven by the broader market’s continued bullishness. If the $0.10 level is broken, Loom may surge toward $0.12, as technical indicators like the RSI indicate overbought conditions, signaling a strong bullish trend. Fibonacci retracement levels could provide key support zones, particularly around $0.09, where buyers might look to enter positions. The MACD is likely to remain bullish, showing positive momentum as Loom price aims for higher levels. Traders should be cautious of profit-taking at the $0.12 mark, but overall, November could be a month of steady upward growth, riding on the momentum from October.
December 2024 could bring a more tempered outlook for Loom Network price, with LOOM price expected to hover between $0.11 and $0.14. After two consecutive months of strong bullish performance, the market may experience some consolidation as traders take profits. The $0.14 level could act as significant psychological resistance, as it represents the YTD high, creating a potential hurdle for further gains. Technical indicators like the Bollinger Bands might show a tightening range, indicating reduced volatility and a possible cooling-off period. While the 50-day EMA is expected to provide support around $0.11, any failure to hold this level could invite bearish sentiment. Nonetheless, if the market remains positive, Loom could make another attempt to test its upper resistance at $0.14 before the year ends.
Loom Network Price Prediction 2025
By 2025, Loom Network price is anticipated to reflect substantial growth, with projections ranging between $0.15 and $0.25. Given the ongoing development in the broader crypto space and increased adoption of blockchain technologies, Loom price could benefit from heightened network usage and staking interest. The price might experience significant upward momentum, especially if the overall market follows a bullish trend. Key resistance is expected near $0.20, which would be a pivotal level for Loom’s medium-term growth. Should Loom price break above this resistance, the price could rally toward $0.25, supported by bullish technical indicators such as the MACD and RSI. However, investors should be cautious of any retracements to the $0.15 support level, which could act as a base for further price action. Long-term holders may see 2025 as a year of steady gains, assuming no major market corrections occur.
Looking forward to 2026, Loom Network price could range from $0.30 to $0.50, supported by growing demand for decentralized applications and Layer-2 scaling solutions. With potential developments in its ecosystem, Loom may experience increased market confidence, pushing the price higher. The $0.40 mark could act as significant resistance, but once breached, the price could surge towards $0.50. Moving averages such as the 100-day and 200-day EMAs could signal a strong uptrend if they show bullish crossovers. Additionally, Fibonacci extension levels may offer clues to the next potential resistance zones. The overall market sentiment and continued institutional interest in blockchain technology will likely dictate the pace of Loom price growth. However, traders should watch out for periods of consolidation around the lower end of this range, as profit-taking could temporarily halt upward momentum.
By 2027, Loom Network price could see significant price appreciation, with projections ranging from $0.60 to $0.90. As blockchain adoption grows and Layer-2 solutions gain more prominence, Loom may benefit from increased demand for its scalability features. Technical indicators like the MACD and RSI could suggest a strong bullish trend, especially if key resistance levels, such as $0.80, are broken. The 200-day EMA might support price movement, while Fibonacci retracement levels could offer additional guidance on price action. Traders should be aware of potential market corrections, particularly if Loom price approaches psychological barriers near $0.90. Nonetheless, if broader market conditions remain favorable and institutional interest in crypto persists, 2027 could be a year of steady growth for Loom Network. Long-term investors may see this as an opportunity to capitalize on continued blockchain integration and increased utility within the crypto ecosystem.
By 2028, Loom Network price could reach price levels between $0.75 and $1.00. With a mature blockchain ecosystem and increased institutional adoption of cryptos, Loom price could benefit from long-term growth prospects. The price could test the psychological $1.00 level, acting as a major point of resistance. If the market remains bullish, breaking above this level could result in a rally toward new all-time highs. Indicators like the RSI might show overbought conditions, signaling potential retracements, but overall market trends could keep the price momentum alive. Loom’s support zone is expected around $0.75, which could offer stability during periods of price correction. As more decentralized applications and use cases emerge, Loom’s utility could increase, making 2028 a pivotal year for long-term holders aiming for substantial returns.
In 2029, Loom Network price could range from $1.25 to $1.75, fueled by ongoing advancements in blockchain scalability and integration. This period could see Loom solidify its position as a key player in the Layer-2 solutions space, driving price appreciation. The $1.50 level is expected to act as strong resistance, but if broken, the price could target $1.75, particularly if market sentiment remains favorable. Loom’s 200-day EMA may provide crucial support around the $1.25 level, with bullish momentum likely to be reflected in the MACD. As adoption increases and more projects build on the Loom platform, higher trading volumes could boost the price further. Investors should also be mindful of any macroeconomic factors affecting the crypto market, as these could impact Loom’s long-term trajectory.
By 2030, Loom Network price could potentially trade between $2.00 and $3.50, marking a significant increase over the decade. With widespread blockchain integration and decentralized finance (DeFi) solutions becoming more prevalent, Loom could experience a steady increase in utility and demand. Technical analysis points to a breakout past the $3.00 resistance level as a key milestone. Once breached, Loom price could aim for the $3.50 mark, supported by strong market fundamentals. Key moving averages like the 100-day and 200-day EMAs are likely to stay bullish if the upward momentum persists. However, traders should anticipate corrections along the way, particularly near $2.50, where profit-taking might occur. With blockchain expected to become even more mainstream by 2030, Loom Network is poised for long-term growth, making it an attractive option for investors with a multi-year horizon.
Will Loom Network Price Rise Again in 2024?
The Loom Network price has the potential to rise again in 2024, especially given the increasing attention on Layer-2 scaling solutions. Throughout 2024, Loom could recover from earlier bearish movements, particularly with “Uptober” boosting crypto market sentiment toward the end of the year. Technical indicators such as moving averages and the Relative Strength Index (RSI) may show early signs of bullish momentum building up as traders look for opportunities to capitalize on potential price swings. Loom price’s support zone around $0.06 could serve as a foundation for a rebound, while the $0.08 resistance may pose the next major challenge. If the market remains positive, Loom might close the year with significant gains, setting up for a strong 2025.
