Linea's token has rebounded from $0.0098 to $0.0109, marking a rise of over 10%. However, the token is encountering resistance at the $0.011 level. Technical indicators on the 4-hour and 2-hour charts show RSI(6) top divergence signals, suggesting potential selling pressure. A significant 3x volume surge at $0.0098 highlights strong short-term selling activity.
Despite the positive daily trend, the $0.011 resistance remains a critical level. Failure to maintain this level could see the price testing support between $0.0095 and $0.0098. Conversely, a breakout with increased volume might push the token towards the $0.0119 resistance.
Linea Token Faces Resistance at $0.011 Amid Divergence Signals
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
