Linea’s recent debut initially sparked optimism, with the token showing a promising early movement. However, the current trajectory is to draw less enthusiastic pictures.
Despite being able to maintain some demand, the broader market reception remains slimy, raising questions about Linea’s ability to return to history (ATH).
Linea firing response can be improved
Interestingly, smart money investors continue to show confidence in Linea. Data reveals that in the past 24 hours, stock holdings have increased from 2,796 million linea to 28.29 million linea. This steady accumulation highlights sophisticated investors betting on the long-term potential of tokens.
Sponsored Sponsors
Such purchasing behavior suggests that institutional and experienced traders see value in the foundations of Linea, despite muting market responses. Their support is extremely important. The sustained inflow from smart money is often helpful in tokens to withstand short-term volatility.
Want more token insights like this? Sign up for Editor Harsh Notariya’s daily crypto newsletter.
From a technical standpoint, Linea’s momentum shows early signs of tension. The relative strength index (RSI) was submerged under the neutral 50.0 line and then recovered slightly upward. This variability indicates that bullish momentum exists, but there is no strength to promote breakouts.
The weak RSI measurements highlight the challenges Linea faces in gaining traction. Without a strong push from both retail and institutional participants, the token could struggle to maintain upward pressure. This environment is counterproductive for newly launched Altcoin, which requires momentum to maintain profits and stimulate confidence.
Linea prices must violate barriers
At the time of writing, Linea is trading at $0.0285 and is about to establish this price as a reliable support zone. Securing this base is essential before targeting the $0.0332 ATH early.
To achieve this, Linea will need to push the resistance at $0.0310. Doing so will provide you with the momentum you need to infiltrate towards the ATH. However, this move will rely heavily on broader market support.
As Smart Money’s enthusiasm fades, Linea could slip to $0.0257. This decline could negate bullish outlook and risk undermining trust among retail investors, leading to further divestitures.
