$LINEA is under pressure as price trades near 0.00501, sliding −8.07% on the day. Sellers have been firmly in control, dragging price from the 24h high at 0.00550 down to a fresh intraday low at 0.00499, where buyers finally stepped in to defend.
On the 15-minute chart, momentum remains bearish:
MA(7): 0.00506
MA(25): 0.00516
MA(99): 0.00533
Price is pinned below all key moving averages, confirming a strong short-term downtrend. Every bounce has been met with selling, showing bulls are cautious and reactive, not aggressive.
Volume tells the story of conflict — heavy participation with 830.97M LINEA traded, signaling panic exits mixed with bargain hunters quietly loading near support.
Key levels to watch
Support: 0.00500 – 0.00495 (make-or-break zone)
Resistance: 0.00517 then 0.00533 (trend still bearish below this)
If support holds, a sharp relief bounce is possible. If it breaks, bears may force another leg down before real accumulation begins.
Right now, LINEA is breathing at the edge — the next few candles decide whether this is a dead-cat bounce or the start of a comeback.
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