In this Linear technical analysis, we will examine the current price action, trading volume, key levels and indicators for LINA-USDT. Linear (LINA) is a decentralized cryptocurrency that utilizes a unique proof-of-stake consensus algorithm, known as the Linear Proof of Stake (LPoS). This algorithm allows for faster transaction times and greater security compared to traditional proof-of-work algorithms. Additionally, Linear has implemented a novel governance system that allows holders of the cryptocurrency to vote on proposals for its development and growth.
Linear Price Overview:
As of September 22, 2023, Linear is trading at approximately 0.01132 USDT. Let’s dive into the detailed price action for LINA-USDT:
- Open (O): The opening price for today’s trading session was approximately 0.01146 USDT.
- High (H): Linear reached a daily high of around 0.01197 USDT.
- Low (L): The daily low for LINA-USDT was approximately 0.01079 USDT.
- Close (C): At the time of analysis, Linear is trading near its daily close of 0.01132 USDT.
|1D Change (%)||-1.26%|
|3D Change (%)||5.10%|
|7D Change (%)||3.77%|
|30D Change (%)||1.84%|
|90D Change (%)||-15.69%|
|YTD Change (%)||131.37%|
Over the past three days, LINAUSDT has risen by approximately 5.10%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 3.77%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with LINAUSDT maintaining an upward trend of approximately 1.84%, despite intermittent fluctuations. Examining the last 90 days, LINAUSDT has witnessed substantial drop of approximately -15.69%, reflecting strong long-term confidence. Year-to-date, LINAUSDT has steadily appreciated by around 131.37%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Linear Live Chart:
You can access a live price chart for LINA-USDT 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 0.43641.
- Momentum score is 0.01844.
LINA USDT Technical Analysis
Linear Trading Volume:
The trading volume for Linear (LINA) over the past 24 hours has been significant, with approximately 1,302,745,458.01 USDT traded against LINA. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 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-USDT is currently in the neutral zone, around 48.99593. This suggests that Linear is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Linear (LINA-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.
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.