LINEA’s Wild Ride: Half Gone, But Hope Isn’t Dead 🚀📉

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LINEA, the token that launched with more flair than a fireworks display, has seen its value plummet by almost 50% in less than a day. From a dazzling high of $0.046 on September 10, it’s now trading around $0.023, according to CoinGecko. The sharp drop is largely due to a flood of airdrop claimants cashing out, but don’t count this token out just yet. The charts might just be hinting at a comeback. 🤞

Despite the risks of hitting new lows, some signals are suggesting a potential recovery. It’s like a rollercoaster ride where you’re not sure if you’re about to hit the peak or plummet into the abyss. 🎢

Buyers And Sellers Locked In A Tug-Of-War 🤼‍♂️

To get a better handle on what’s happening in the short term, let’s take a peek at the 15-minute LINEA price chart. This nifty little chart helps us track how quickly money is flowing in or out, giving us a clearer picture of who’s got the upper hand during these wild swings.

The Chaikin Money Flow (CMF), which tells us if money is coming in or going out, has mostly stayed above the zero line since yesterday. This means that despite the price drop, there’s still some love from buyers. It’s like they’re whispering, “We believe in you, LINEA!” while others are shouting, “Sell, sell, sell!”

Meanwhile, the Money Flow Index (MFI), which combines volume and price to measure buying or selling strength, hit a lower low as prices dropped. But guess what? The MFI has now flattened out, hinting that the selling wave might be losing steam. 🌊➡️🌬️

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If the MFI starts to curl upward while the CMF remains positive, it could mean that buyers are regaining control and soaking up the pressure. It’s like they’re saying, “Alright, enough is enough. We’re taking over now!”

The long-short balance, as shown by Hyperliquid data, is nearly in equilibrium with about $72 million in long leverage and $67 million in shorts. So, if the price drops to $0.019, those longs are in for a rough ride. Conversely, if the price hits $0.028, the shorts will be feeling the heat. Both $0.019 and $0.028 are crucial levels to watch. 🔍

This balance keeps the overall bias neutral, but when combined with a positive CMF and a flatlining MFI, there’s a chance for a price recovery. It’s like the token is teetering on the edge, deciding whether to jump or stay put.

LINEA Price Chart Shows Chance Of Recovery, But Risks Remain 📈📉

Zooming out to the broader LINEA perpetual price chart (1-hour timeframe), the RSI (Relative Strength Index) is showing a small bullish divergence. Prices made a lower low, but the RSI made a higher low. This often means that the selling momentum is weakening, paving the way for a potential recovery. 🏃‍♂️➡️🏃‍♀️

This chart is particularly important because perpetual contracts started before spot trading, giving us the longest available history to track early trends. It’s like looking at a crystal ball, but with numbers and charts instead of mystical smoke. 🌌

If buyers return and the CMF and MFI start growing, the first key resistance is near $0.026. A stronger push could send the price back toward $0.028, where all the shorts will be liquidated, or even higher to $0.032. These are the levels to keep an eye on if a rebound starts. 🕵️‍♂️

On the downside, $0.022 is the most significant near-term support level. If the price breaks below this, the next risk area is around $0.019, where long liquidations cluster. If we hit that level, it could spell trouble for the recovery. 🚨

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2025-09-11 19:05