LINEA Price Risks New All-Time Low at $0.019 as Smart Money Exits En Masse
LINEA is buying and selling close to $0.025 after a pointy 9% day by day correction, now down greater than 40% from its September 10 high. While the broader market prepares for a potential Fed charge reduce, LINEA has changed into one of many greatest day by day losers.
Wallet flows reveal a pointy divide: sensible cash has staged a mass exit (for a selected motive), whereas solely the biggest holders are preserving shopping for strain alive.
Smart Money Exit Aligns With Bearish Breakdown
On-chain information reveals that sensible cash wallets reduce their LINEA holdings by practically 85% prior to now 24 hours, trimming 23.9 million tokens (nearly $598,000 at $0.025) and leaving simply 4.37 million. This exodus coincided with the breakdown of a head-and-shoulders formation, a bearish construction we’ll return to later.
The timing suggests these traders noticed the danger early and lowered publicity earlier than deeper losses.
Despite that exit, trade balances have additionally dropped by 36.4 million LINEA ($910,000 at $0.025) in the identical interval. Outflows from exchanges often trace at regular shopping for strain.
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But this strain will not be broad-based: high 100 wallets — the so-called megawhales — added 157.4 million tokens ($3.9 million at $0.025), propping up the market whereas each retail and sensible cash lowered publicity. In quick, LINEA is being held afloat nearly fully by its largest holders. But the query is: for a way lengthy?
Buying Pressure Isn’t Convincing
The Money Flow Index (MFI), which tracks cash transferring out and in by combining value and quantity, helps clarify why the shopping for from mega whales will not be lifting confidence.
Since September 15, as LINEA’s price corrected, MFI has been trending decrease. A rising MFI often means robust dip-buying; a falling MFI alerts weak demand or consumers chasing rallies.
Here, the divergence is obvious. Even although internet trade outflows verify tokens are leaving platforms, MFI reveals wallets usually are not supporting dips however as a substitute shopping for into short-term rises (as proven by short-lived MFI spikes), seemingly flipping for swing trades.
This disconnect underscores the fragility of the shopping for strain.
Bearish Pattern Sets the LINEA Price Target
The technical image displays the identical weak point. The LINEA price has already damaged down from a head-and-shoulders sample, a setup that usually marks a reversal from uptrend to downtrend. The neckline break on September 16 lined up with the sensible cash exit, reinforcing the bearish case.
The breakdown initiatives a draw back goal close to $0.019, which might mark a contemporary all-time low. For any restoration, LINEA should first reclaim $0.029 to weaken the bearish tone after which push above $0.033 to reestablish bullish momentum.
Until then, the mix of sensible cash leaving, retail promoting, and a weakening MFI retains dangers tilted firmly downward.
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