$LINEA
📊 Technical Analysis – LINEA/USDT (1H Chart)
The LINEA/USDT pair shows a slight increase of +0.63%, trading at $0.01271. In the last 24 hours, the asset reached a high of $0.01284 and a low of $0.01203, with a volume of 948.19 million in LINEA and $11.73 million in USDT, indicating intense activity, but still with a predominance of selling pressure in the short term.
After a strong correction from the top of $0.01451, the price formed a bottom at $0.01203 and initiated a modest recovery movement, supported by short averages. The price action shows consolidation around $0.0126–$0.0128, a range that acts as an immediate barrier.
🔹 Moving Averages (MA):
• MA7 = $0.01260
• MA25 = $0.01252
• MA99 = $0.01367
The asset is above the short averages, indicating an initial reversal signal, but still distant from MA99, which reinforces a bearish trend in the medium term. To confirm a stronger recovery, the price needs to break $0.0129–$0.0130 with increasing volume.
🔹 Supports and Resistances:
• Support: $0.0120 and $0.0122
• Resistance: $0.0129 and $0.0135
📈 Summary:
LINEA shows stabilization after a strong decline, with an attempt at gradual recovery. The bias is neutral to slightly bullish in the short term, while it remains below $0.0135, the overall scenario continues to be unfavorable for sustainable highs.
