LINEA Price Eyes New Low as Bearish Pattern Confirms

The post LINEA Price Eyes New Low as Bearish Pattern Confirms appeared on BitcoinEthereumNews.com.

LINEA is trading near $0.025 after a sharp 9% daily correction, now down more than 40% from its September 10 high. While the broader market prepares for a possible Fed rate cut, LINEA has turned into one of the biggest daily losers. Wallet flows reveal a sharp divide: smart money has staged a mass exit (for a specific reason), while only the largest holders are keeping buying pressure alive. Smart Money Exit Aligns With Bearish Breakdown Sponsored Sponsored On-chain data shows that smart money wallets cut their LINEA holdings by nearly 85% in the past 24 hours, trimming 23.9 million tokens (almost $598,000 at $0.025) and leaving just 4.37 million. This exodus coincided with the breakdown of a head-and-shoulders formation, a bearish structure we’ll return to later. The timing suggests these investors spotted the risk early and reduced exposure before deeper losses. Smart Money Exits LINEA: Nansen Despite that exit, exchange balances have also dropped by 36.4 million LINEA ($910,000 at $0.025) in the same period. Outflows from exchanges usually hint at steady buying pressure. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. But this pressure is not broad-based: top 100 wallets — the so-called megawhales — added 157.4 million tokens ($3.9 million at $0.025), propping up the market while both retail and smart money reduced exposure. In short, LINEA is being held afloat almost entirely by its largest holders. But the question is: for how long? Buying Pressure Isn’t Convincing The Money Flow Index (MFI), which tracks money moving in and out by combining price and volume, helps explain why the buying from mega whales is not lifting confidence. Sponsored Sponsored Since September 15, as LINEA’s price corrected, MFI has been trending lower. A rising MFI usually means strong dip-buying; a falling MFI…