Linear (LINA/USD) was down over 10% on Tuesday. However, the entire market experienced a major sell-off, with numerous coins losing over 5% in value. However, Lina had experienced a strong trading session on Monday, in which it had improved by 5%. Lina is now on the verge of a strong resistance, from which it has been rejected several times in the past. A breakout from the $0.07 zone could indicate that after more than 5 months of trading in the same zone, Lina is ready for the nth increase. However, investors should be careful, as Lina tried to break out last week, but failed and fell below $ 0.07 again. It looks like Lina will try to break out again soon. This time it could have been successful.
A look at the charts:
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Lina is facing strong resistance at $0.07 since it had fallen below the $0.10 mark. Now it is facing the resistance with a lot of momentum and a high purchase volume. Lina could break through it this time, which could mean the beginning of a bullish rally.
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At the beginning of November, a golden crossover was seen, which showed that Lina could become very strong in the coming weeks.
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Investors should be cautious and should only enter after a clear breakout with strong purchase volumes. In addition, investors can also wait for a re-test in order not to get into a false breakout.
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A target of $0.09 can be set, followed by $0.1, and a long-term target of $0.15 could also be maintained.
Conclusion
After the big shake on Tuesday, it looks like Lina is now ready for an uptrend and could break out soon. However, investors must be patient and should only take long positions if a clear reversal is visible.
Is Lina the perfect buy-the-dip coin, as the charts indicate an increase in the near future? appeared first on Coin Hero.