Linea Debut Underwhelms, Price Rise To New Highs in Doubt

LINEA’s recent debut initially sparked optimism, with the token showing promising early movement. However, its current trajectory paints a less enthusiastic picture. 

Despite managing to sustain some demand, the broader market reception remains lukewarm, raising doubts about LINEA’s ability to climb back to its all-time high (ATH).

Linea Launch’s Response Can Improve

Interestingly, Smart Money investors continue to show confidence in LINEA. Data reveals that in the last 24 hours, their holdings increased from 27.96 million LINEA to 28.29 million LINEA. This steady accumulation highlights that sophisticated investors are betting on the token’s long-term potential.

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Such buying behavior suggests that even though the market reaction is muted, institutional and experienced traders see value in LINEA’s fundamentals. Their support is crucial, as sustained inflows from Smart Money often help tokens weather short-term volatility.

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From a technical perspective, LINEA’s momentum is showing early signs of strain. The relative strength index (RSI) dipped below the neutral 50.0 line before recovering slightly above it. This fluctuation indicates that while bullish momentum is present, it lacks the strength to fuel a breakout.

Weak RSI readings highlight the challenge LINEA faces in gaining traction. Without a stronger push from both retail and institutional participants, the token could struggle to maintain upward pressure. This environment is counterproductive for a newly launched altcoin that needs momentum to sustain gains and inspire confidence.

LINEA Price Needs To Breach Barriers

At the time of writing, LINEA is trading at $0.0285, attempting to establish this price as a reliable support zone. Securing this base is essential before it can target the ATH of $0.0332 set earlier.

For LINEA to achieve this, it must push through the resistance at $0.0310. Doing so would provide the momentum required to break toward its ATH. However, this move will depend heavily on broader market support.

If Smart Money enthusiasm fades, LINEA could slip to $0.0257. This decline would invalidate the bullish outlook and also risk dampening confidence among retail investors, potentially leading to further sell-offs.