LINEA has lost almost half its value in less than a day of spot trading. After touching a post-launch high of $0.046 on September 10, as reported by CoinGecko, the LINEA price now trades near $0.023. The sharp drop shows heavy selling pressure from the airdrop claimants, but the charts suggest the price may not be done yet.
Some signals are pointing to a potential recovery, even as risks of new lows remain.
Buyers And Sellers Locked In A Tug-Of-War
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We look at the 15-minute LINEA price chart to understand short-term money movements. This timeframe helps track how quickly inflows or outflows change, giving a clearer view of buyer and seller strength during volatile sessions.
On this chart, the Chaikin Money Flow (CMF), which shows whether money is flowing in or out, has stayed above the zero line for most candles since yesterday. This means inflows are still present even while the LINEA price has traded in a range. That explains one side of the tug-of-war, showing that buyers are quietly supporting the market even as some holders are presumably letting go of their airdropped stashes.
At the same time, the Money Flow Index (MFI), which measures the strength of buying or selling by combining volume and price, made a lower low as prices dropped.
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This shows sellers pushed harder during the correction. But now the MFI has flattened out, hinting that the selling wave may be losing strength.
If MFI starts to curl upward while CMF remains positive, it would confirm tha
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Author: Ananda Banerjee
