Linea lost almost half its value in less than a day of spot trading. As reported by Coingecko, after touching on the post-launch high of $0.046 on September 10th, Linea Price is currently trading nearly $0.023. The sharp drop shows significant sales pressure from Airdrop claimants, but the chart suggests that prices may not be made yet.
Some signals refer to potential recovery despite the risk of new lows remaining.
Buyers and sellers were locked up in a tug of war
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To understand the short term money moves, we’ll take a look at the 15-minute Lineay price chart. This time frame helps you track how quickly inflows and outflows change, giving you a more clear view of the strength of buyers and sellers during volatile sessions.
This chart shows whether money is flowing or not, the Chaikin Money Flow (CMF) has remained above the zero line of most candles since yesterday. This means that while the Lenay price is traded in a range, there is still an inflow. It shows that buyers are quietly supporting the market, despite some holders being given up on the air-spreaded stash.
At the same time, the Money Flow Index (MFI), which combines volume and price to measure the strength of buying and selling, fell as prices fell.
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This indicates that the seller pushed harder during the correction. But now the MFI has flattened, suggesting that the sales wave may be losing its strength.
If the MFI starts curling upward while the CMF remains positive, the buyer will regain control and ensure that it is absorbing pressure.
This balance is also reflected in the positioning of the bullbear. High lipid data shows an almost balanced approximately $72 million and $67 million in shorts.
That also means that if Linea prices drop to $0.019, the long position of nearly $72 million will be liquidated. And on the short side, if the price is heading towards $0.028, $67 million is in danger. So, both $0.019 and $0.028 are the major linenai price levels.
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However, this long balance keeps the overall bias neutral.
However, there is another chart-specific signal that can start a price recovery, as it has clubs with positive CMFs and flatline MFIs.
Linear price charts show potential for recovery, but risk remains
Looking at the wider Linea permanent price chart (an hour time frame), the RSI (relative strength index) shows a small bullish divergence. Prices have been lower, but RSI has been lower. This means that sales momentum is often weakening and paving the way for recovery.
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This chart is important as constant contracts begin before spot trading. Therefore, it provides the longest history available and helps you track early trends.
If the buyer returns (CMF and MFI grow), the first important resistance is nearly $0.026. A stronger push could cost $0.028 (all shorts to settle here), $0.032, or even higher. These are important levels to watch if the rebound begins.
On the downside, $0.022 is the most important short-term support level. This is the lowest point reached after the launch spike and now serves as a “line of sand.”
If the price breaks below, the previous liquidation map shows that the following risk area is approximately $0.019. That level is not yet shown on the daily price chart. But that means that it is a long liquidation cluster and forced sales could potentially drag the token down further. That path negates the recovery hypothesis.
