$LINEA is currently trading at $0.006146, showing a strong daily increase of 10.81%. This move stands out because it comes after a long period of decline. The price had dropped heavily from around $0.0297 in October and later reached very low levels near $0.005. Today’s movement looks like a clear recovery bounce from those lows.
The short term price action is starting to improve for $LINEA . The 7 day moving average is around $0.0058 and sits below the current price, which means short term strength. The 30 day moving average is near $0.0064 and is still slightly above the price, acting as a nearby resistance. A 200 day moving average is not visible, most likely because the token is still relatively new.
Momentum indicators also look balanced. The RSI is around 48, which is close to neutral. This means the price is not overbought and still has room to move higher if buying pressure continues.
Personally, I see the price action looks stronger today with good upward momentum. If Linea can hold above the $0.006 level and break past $0.0064, it may continue to rise. However, the bigger picture trend has been downward, so the next few days will be important to confirm whether this bounce can turn into a sustained recovery.
