In this Linear technical analysis, we will examine the current price action, trading volume, key levels and indicators for LINA-BTC. Linear (LINA) is a decentralized cryptocurrency that utilizes a novel consensus algorithm called “Proof of Stake with Recursive zk-SNARKs” to achieve fast and secure transactions. This innovative approach allows for efficient validation of transactions without the need for expensive hardware, making it accessible to a wider range of users. Additionally, Linear’s unique architecture enables privacy-preserving features such as zero-knowledge proofs and ring signatures, providing an added layer of security and anonymity for users.
Linear Price Overview:
As of July 08, 2024, Linear is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for LINA-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 70,376.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Linear reached a daily high of around 0.0 BTC.
- Low (L): The daily low for LINA-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Linear is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -11.11% |
| 3D Change (%) | -11.11% |
| 7D Change (%) | -11.11% |
| 30D Change (%) | -46.67% |
| 90D Change (%) | -61.90% |
| YTD Change (%) | -68.00% |
Over the past three days, LINABTC has experienced a significant decline of approximately -11.11%, indicating increased market volatility. This downward trend continued throughout the week, with a loss of around -11.11%. A 30-day analysis provides a more comprehensive perspective, revealing a consistent downward trend of approximately -46.67%, despite occasional fluctuations. Looking at the last 90 days, LINABTC has witnessed a substantial drop of around -61.90%, reflecting a strong decline in long-term investor confidence. Year-to-date, LINABTC has steadily declined by approximately -68.00%.
Linear Live Chart:
You can access a live price chart for LINA-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 1.29132.
- Momentum score is -0.33333.
LINA BTC Technical Analysis
Linear Trading Volume:
The trading volume for Linear (LINA) over the past 24 hours has been insignificant, with approximately 70,376.00 BTC traded against LINA. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): LINA is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Linear is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for LINA-BTC is currently in the low zone, around 38.03852. This suggests that Linear is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Linear (LINA-BTC) is currently displaying short-term bearish momentum, with key support and resistance levels drawing attention. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities to emerge. Furthermore, the low RSI reading and lack of significant trading volume are warning signs indicating a possible downward trajectory.
Acknowledge bearish outlook for Linear (LINABTC) at 8.00e-08 BTC with technical analysis, emphasizing weakened support and cautionary indicators.
Dive into the details with our in-depth analysis on LINA USDT Linear Technical Analysis; you won’t want to miss it if you found this post interesting.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.