This Loops section on the Today page gives you a high level view of your current Loop Status.
The Loops Card has two main states:
In a Loop - When you are in a Loop you see your current Loop progress. The Loops card will display all of your Daily Goals that you have set within your current Loop. Completed Daily Goals will be coloured in while goals there were not completed will be greyed out. You can view your Loop in detail by clicking on the Loops card.
Out of a Loop - When you are out of a loop (Currently not in a Loop) the Loop card will reflect this state. You can view your historical Loops on the Loops tab or the Loops calendar.