Loopring (LRC) has surged 11.5% in the past 24 hours, reaching $0.09775, as it rebounds from a critical support level at $0.08641. The token is nearing a descending trendline that has capped its upward movement for months. A breakout above the $0.1023 resistance could lead to a significant 76.45% upside. LRC's performance is also reflected in its BTC and ETH pairings, with gains of 11.4% and 9.7% respectively. The market is closely monitoring for a breakout from the descending channel, which could trigger a substantial bullish wave.