🚀 LINEA: Does recovery begin after a 50% drop?
After launching at a price of $0.046, LINEA quickly dropped to around $0.023, representing a loss of about half its value! 😮
🔹 Buy indicators:
Chaikin Money Flow (CMF) remains above zero → indicates buying flows.
Money Flow Index (MFI) has started to stabilize → the selling wave has begun to weaken.
RSI shows bullish divergence → less selling and buying momentum may return.
🔹 Important levels:
Nearby support: $0.022 → breaking it may drop the price to $0.019.
Initial resistance: $0.026, then $0.028 and $0.032 → potential recovery opportunities if buying strengthens.
📊 Balance: Buy and sell positions are nearly equal, making the overall trend neutral, but any additional buying strength could push the price up.
💡 Conclusion: If buyers continue to apply pressure, we may see a gradual recovery for LINEA, but breaking the support at $0.022 could open the door for further declines.
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