Linear Finance (LINA) Gained 7+% And May Continue to Rise

The majority of crypto prices have dropped over the last 24 hours according to CoinMarketCap. However, Linear Finance (LINA) is one of the cryptos which was able to print a gain during this time period. At press time, LINA’s price is up 7.52% and stands at $0.01307 as a result.

Not only did LINA strengthen against the US Dollar, it was also able to gain on the two crypto market leaders Bitcoin (BTC) and Ethereum (ETH) over the last 24 hours. Currently, LINA is up 8.01% against BTC and 8.37% against ETH.

Meanwhile, the daily trading volume for LINA has spiked over the last 24 hours. Currently, the total volume for LINA is around $28,717,580, which is a 60.18% increase in the past day. Furthermore, LINA is trading slightly below its 24-hour high of $0.01316, with the altcoin’s daily low sitting at $0.0118.

Daily chart for LINA/USDT (Source: TradingView)

The price of LINA has broken above the 9-day-and-20-day EMA lines over the past 48 hours. Technical indicators suggest that LINA’s price will continue to climb in the next 24-48 hours as well. Currently, the 9-day EMA is looking to cross above the 20-day EMA line and the daily RSI line is sloped positively towards overbought territory.

Should the 9-day EMA line cross above the 20-day EMA line on LINA’s chart, the altcoin’s price will rise to the next key level at around $0.015614 in the coming 2 days. On the other hand, a breakdown to back below the 9-day-and-20-day EMA lines will result in LINA’s price declining towards $0.010424.

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