Key Takeaways
- LOOM price prediction suggests that the LOOM price can rise up to $0.13 by the year’s end.
- By 2027, LOOM is expected to reach a new high of approximately $0.27, driven by increased adoption and development within the blockchain space.
- Looking ahead to 2030, LOOM could witness a significant surge, with its price potentially climbing to around $0.44, reflecting long-term growth potential.
Despite periods of market volatility and ongoing challenges in the regulatory landscape, LOOM Network has proven to be a resilient project. Focusing on enhancing scalability for decentralized applications (dApps) and gaming platforms, LOOM continues to position itself as a vital contributor to blockchain infrastructure. Its value proposition is facilitating efficient, fast transactions, positioning LOOM as a strong contender in the evolving blockchain ecosystem.
Overall, the sentiment within the LOOM Network community remains cautiously optimistic as stakeholders monitor the project’s advancements and market performance. As LOOM continues to enhance its scalability and attract partnerships, its price potential invites further analysis and exploration of future opportunities.
LOOM Network Overview
| Cryptocurrency | Loom Network |
| Ticker | LOOM |
| Price | $0.05878 |
| Market Cap | $72,846,581 |
| Trading Volume 24-h | $10,373,611 |
| Circulating Supply | 1,239,270,898 LOOM |
| All-time High | $0.7745, May 04, 2018 |
| All-time Low | $0.00767, Mar 13, 2020 |
| 24-h High | $0.06126 |
| 24-h Low | $0.05659 |
LOOM Network price prediction: Technical analysis
| Volatility | +0.98% |
| Sentiment | Bullish |
| 50-Day SMA | $0.0490 |
| 200-Day SMA | $0.0715 |
| Price prediction | $0.13 (118.43%) |
| F & G Index | 46.79 (fear) |
| Green days | 14/30 (47%) |
| 14-day RSI | 80.12 |
LOOM Network price prediction:
TL;DR Breakdown
- The LOOM Network price analysis is neutral today.
- Strong support for LOOM/USD is present at $0.05700.
- The resistance level is seen at the $0.06000 level.
The LOOM Network price analysis for today, September 27, shows a neutral outlook. The LOOM/USD pair has found strong support at the $0.057 mark, with resistance around the $0.060 level.
The broader cryptocurrency market has exhibited a bullish sentiment over the last 24 hours, with major cryptocurrencies experiencing positive price movements. Notable players include SHIB and DOGE, recording a 9.47% and a 5.04% incline, respectively.
LOOM Network price analysis 1-day chart: Bearish momentum makes price fall to $0.057
The 24-hour LOOM/USD price chart shows some stability as the price falls to $0.05750. Bearish pressure is strong, but the current support level is key and has held against past bearish pushes.
The technical indicators suggest a bullish decline as the bulls get exhausted. The MACD is slightly bullish at 0.00093 units, moving towards a bullish crossover. The EMAs are above the mean position, with their gradient turning negative as the price level falls. The RSI also supports this sentiment, falling to 57.53 above the 70.00 level. The converging Bollinger Bands suggest lower volatility, indicating that the $0.057 support may hold for the week.
LOOM/USD 4-hour price chart: LOOM stabilizes around $0.057 amidst rising bearish pressure
The 4-hour price chart of LOOM shows a sharp decline as the price fell from above the $0.09 mark to the $0.057 support. Moreover, the lack of strong support between the $0.09 and the $0.055 mark makes a quick recovery difficult.
The RSI is at 41.50, suggesting that the asset is at the center of the neutral zone, which might indicate room for further short-term decline. However, the horizontal slope suggests the asset is not under bearish pressure across the short-term charts. The MACD shows a bullish crossover, with the MACD line at -0.00003, showing low bearish dominance across the 4-hour charts. These indicators collectively confirm the reversing bearish trend.
LOOM Network technical indicators: Levels and actions
Daily simple moving average (SMA)
| Period | Value | Action |
|---|---|---|
| SMA 3 | $ 0.056066 | BUY |
| SMA 5 | $ 0.05937 | BUY |
| SMA 10 | $ 0.057399 | BUY |
| SMA 21 | $ 0.052195 | BUY |
| SMA 50 | $ 0.049295 | BUY |
| SMA 100 | $ 0.053021 | BUY |
| SMA 200 | $ 0.073094 | SELL |
Daily exponential moving average (EMA)
| Period | Value | Action |
|---|---|---|
| EMA 3 | $ 0.051828 | BUY |
| EMA 5 | $ 0.050071 | BUY |
| EMA 10 | $ 0.049136 | BUY |
| EMA 21 | $ 0.0503 | BUY |
| EMA 50 | $ 0.054384 | BUY |
| EMA 100 | $ 0.062136 | SELL |
| EMA 200 | $ 0.072979 | SELL |
What to expect from LOOM Network price analysis?
The 4-hour Livepeer price analysis chart shows a small dip in the price, which investors quickly bought up. Another bullish candlestick followed this minor correction, indicating that the bulls have not given up completely. However, the low momentum suggests a lack of optimism in the markets as buyers target just defending the $10-$12 support levels. The support level around $10 has proven to be strong during this dip, and it is likely to continue holding if there are further corrections.
Livepeer price analysis shows that the LPT price faced resistance around the $0.09000 level, causing a pullback to the $0.08500 mark before the price action crashed sharply to the $0.05500 mark. Since then, the price has steadily recovered to the $0.06000 mark before being rejected at that level.
Traders should expect Solana to continue its attempt to recover towards the $0.06000 mark. However, the price will likely stay within the $0.05500-$0.05800 range for the next few days as the bulls face corrections and work to regenerate momentum. Movement below $0.05700 may mean a drop back to the $0.05500 mark, but the further downward movement is unlikely, given the current market sentiment.
Why is LOOM Network Up?
LOOM Network price hit a key support level as the bears crushed support levels above the $0.05500 mark. However, the $0.05500 support held on and the buyers did not hesitate to buy the dip. The sharp increase of bullish pressure caused the price to return to the $0.05700 level as the bulls sought to go higher.
Is LOOM Network a good investment?
LOOM Network is a blockchain platform designed to enhance scalability and efficiency for decentralized applications, particularly in gaming and dApps. The network has consistently made progress in its development, offering fast transactions with minimal costs. While the market has faced some volatility, future price predictions for LOOM remain optimistic, pointing to potential growth as adoption of decentralized technologies continues to rise.
Will LOOM recover to $0.080?
LOOM can recover to $0.080 if the broader cryptocurrency market remains favorable and LOOM Network continues to see positive developments and increased adoption. Achieving this price would require significant positive momentum and support from the market and the LOOM Network community.
Will LOOM reach $0.10?
Reaching $0.10 is an ambitious goal for LOOM, but it could be possible with sustained growth in usage, continued technological advancements, and a bullish sentiment in the cryptocurrency market. While challenging, this target is within reach if LOOM Network achieves significant success and favorable market conditions.
Will LOOM reach $0.20?
Attaining $0.20 for LOOM would require widespread adoption of LOOM Network technology, a strong rally in the cryptocurrency market, and favorable regulatory conditions. Although it is a challenging target, it is not impossible with significant achievements and broad market support. This goal represents a substantial milestone that would necessitate considerable progress and momentum.
Will LOOM reach $0.50?
LOOM’s reaching $0.50 is uncertain and will depend on various factors, including market conditions, adoption rates, and overall developments within the Loom Network. How these elements unfold will be key to determining whether LOOM can achieve this milestone.
Does LOOM have a good long-term future?
LOOM Network’s (LOOM) long-term prospects remain uncertain, hinging on its ability to adapt to technological advancements, market demand, and the evolving blockchain industry. While the token shows potential, its success will depend on navigating these challenges and capitalizing on opportunities in the coming years.
Recent news/opinion on LOOM Network
LOOM announced that Kraken Pro users can now begin trading LOOM perpetual futures across diverse markets.
LOOM price prediction September 2024
According to our LOOM price prediction for September 2024, we expect a minimum price of $0.0512and an average price of $0.0590. However, If LOOM’s growth trajectory persists, we predict its value could reach as high as $0.1200 at its peak.
| Month | Minimum Price | Average Price | Maximum Price |
| September | $0.0512 | $0.0590 | $0.1200 |
LOOM price prediction 2024
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | $0.0527 | $0.12 | $0.13 |
According to our LOOM price prediction for 2024, we expect a minimum price of $0.0527 and an average price of $0.12. However, if LOOM’s growth trajectory persists, we predict its value could reach as high as $0.13 at its peak
LOOM price prediction 2025-2030
LOOM price prediction by Cryptopolitan
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $0.13 | $0.14 | $0.15 |
| 2026 | $0.17 | $0.20 | $0.21 |
| 2027 | $0.23 | $0.25 | $0.27 |
| 2028 | $0.23 | $0.25 | $0.27 |
| 2029 | $0.28 | $0.31 | $0.32 |
| 2030 | $0.40 | $0.44 | $0.44 |
LOOM price prediction 2025
According to our LOOM Network cost for 2025, the minimum price of LOOM will be $0.13, while the average price will be around $0.14. There is potential for significant growth in the value of LOOM during this period, with the token possibly reaching a maximum price of $0.15 by the end of 2025.
LOOM price prediction 2026
According to the price prediction for 2026, we expect the coin’s minimum price to be $0.17 and its average predicted value to be $0.20. We expect LOOM’s price to surge to a maximum of $0.21 by 2026.
LOOM Price Prediction 2027
Our LOOM price prediction 2027 is a minimum value of $0.23 with an average trading price of $0.25. Based on this prediction, the price could reach a maximum of $0.27 during the year.
LOOM price prediction 2028
Based on our LOOM price prediction for 2028, the LOOM token is anticipated to experience a bullish trend with a predicted floor price of $0.23 and an average trading value of $0.25. The highest possible price for 2028 is estimated to reach $0.27, reflecting a significant increase in the token’s valuation.
LOOM price prediction 2029
Our LOOM price prediction for 2029 suggests that the minimum price level could be $0.28. The LOOM token will experience significant growth, with a maximum potential price value of $0.32 and an average projected value of $0.31.
LOOM price prediction 2030
According to our LOOM price prediction for 2030, we anticipate that the cryptocurrency’s value may drop to a low of $0.40 by year-end. However, we expect the average trading price to be $0.44 and the maximum estimated price to reach as high as $0.44.
LOOM market price prediction: Analysts’ LOOM price forecast
| Firm | 2024 | 2025 |
| Coincodex | $0.98 | $ 0.14 |
| DigitalCoinPrice | $0.12 | $0.14 |
Cryptopolitan’s LOOM Network (LOOM) price prediction
Cryptopolitan’s predictions show that LOOM will achieve a high of $0.13 in the second half of 2024. In 2025, it will range between $0.13 and $0.15, with an average of $0.14. In 2030, it will range between $0.40 and $0.44, with an average of $0.44. Note the predictions are not investment advice. Seek independent professional consultation or do your research.
LOOM Network historic price sentiment
- The Loom Network’s smart contracts and dApps are powered by the LOOM token. It has been connected with Binance Chain and is an ERC-20 token that can also be used as a BEP-2 token. LOOM is not yet intended to become a native token.
- The LOOM market is also unique because there has never been a public ICO. Instead, the team conducted a private investment round in January 2018 and raised $45,810,000 by selling 750 million LOOM tokens for $0.076 a piece.
- On May 4, 2018, LOOM reached an all-time high of $0.774454; however, it has since dropped significantly. The LOOM token dropped to an all-time low of $0.007666 on March 13, 2020.
- In 2024, LOOM started trading around the $0.05 – $0.06 range, showing signs of recovery from its lower points in 2023.
- The year began with a relatively stable trajectory, with minimal volatility up until February 2024, when the price spiked to approximately $0.08, reflecting increased interest in the token. However, this surge was short-lived, and LOOM corrected back to $0.06 by March.
- Throughout April and May 2024, LOOM faced consistent resistance, struggling to break past the $0.07 mark. The token remained within a $0.05 – $0.07 range during this period, reflecting lower market momentum.
- The price hovered close to $0.07 by June, with no significant breakthroughs. July saw the token stabilize around the $0.06 range, with low volatility dominating the market. Despite this, LOOM made some gains in August, opening at $0.06 and closing near $0.08, showing bullish signs.
- As of September 2024, LOOM has experienced a notable price surge, briefly spiking to $0.10 before correcting back to $0.06. This suggests the market is still testing resistance levels and could see further volatility in the coming months.
