Yesterday’s pullback in $LINEA was a sharp reminder of how volatile this token can be. Here’s how the correction played out and what to watch going forward:
📉 What Happened in the Correction
LINEA lost ~19.7% in 24 hours, shedding much of its recent gains.
The drop came after recent strength — the market seemed to take profits or react to sell pressure.
Technical zones that were acting as support were broken or tested, and momentum swung to the downside.
The correction’s intensity suggests high leverage or short-term traders got caught in the reversal.
🔍 Why It Might Have Occurred
Profit-taking: After rallying, holders may have locked in gains, especially early airdrop recipients.
Resistance zones: The price likely ran into overhead resistance that stalled further upside.
Volatility & liquidity: With many eyes on LINEA, liquidity shifts and algorithmic trading can amplify moves.
Market sentiment: Broader market drags or negative news can worsen a correction in speculative assets.
🧭 What to Keep an Eye On
Support zones around ~$0.0245 — if that gives way, further downside may follow.
Resistance levels near ~$0.028–$0.030 — reclaiming these would be a strong sign of recovery.
Volume dynamics: A rebound with strong volume would suggest real strength; weak volume may signal a weak bounce.
Onchain flows & burn activity: If tokens are being removed from exchanges or burn mechanics kick in, that helps the case for recovery.
