Linear Price Prediction 2021 – Will LINA Hit $0.5 Soon?

Linear Price Prediction 2021 – Will LINA Hit $0.5 Soon?
  • Bullish Linear price prediction ranges from $0.07to $0.21.
  • Linear prices might also reach $0.5 soon.
  • Linear bearish market price prediction for 2021 is $0.019.

In Linear (LINA) price prediction 2021, we use statistics, price patterns, RSI, and much other information about LINA to analyze the future movement of the cryptocurrency

Linear (LINA) is an ERC-20 token developed on the Ethereum network whose main purpose is as collateral for Liquids and for community governance of the protocol. The primary aim of Linear is to provide a superior user experience with better scalability and greater speed. Linear is a decentralized delta-one asset protocol capable of rapidly creating synthetic assets with unlimited liquidity 

Current Market Status of Linear (LINA) 

According to CoinGecko, the Linear price is trading at $0.05581 with a 24-hour trading volume of $57,135,710, at the time of writing. However, Linear has increased by 0.13% in the last 24 hours. 

Currently, Linear trades in cryptocurrency exchanges such as  Binance, FTX, Huobi Global, Upbit, and BiONE.

Linear (LINA) Price Prediction 2021

Linear (LINA) holds the 303rd position on CoinGecko right now. LINA price prediction 2021 explained below with a daily time frame. 

LINA/USDT Ascending Triangle Pattern (Source: TradingView)

The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline which act as a support. It is possible for the ascending triangle to appear at the bottom of a downtrend. The ascending triangle is also referred to as the bullish triangle because it leads to a bullish breakout.

Currently, LINA is waving at $0.055. If the bullish trend continues, LINA will follow the pattern where the price of LINA will reach $0.21 following the uptrend. In contrast, if the trend reverses, then the price of LINA might fall to $0.019.

Linear (LINA) Support and Resistance Level

The below chart shows the support and resistance level of Linear (LINA). 

LINA/USDT Support and Resistance Level (Source: TradingView)

From the above chart, it is observed that the following are the resistance and support levels of Linear.

  • Resistance Level 1 – $0.07
  • Resistance Level 2 – $0.13
  • Resistance Level 3 – $0.21
  • Support Level 1 – $0.043
  • Support Level 2 – $0.019

The chart depicts the bullish performance of Linear over the previous month. However, this trend will continue to reach a resistance level at $0.21 soon. Even more, if the trend reversed then the Linear might fall to $0.019 presenting a bearish signal.

Linear (LINA) Average Directional Index (ADX)

Let us now look at Linear’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it frequently combined with directional indicators.

   LINA/USDT ADX (Source: TradingView)

The above chart represents the ADX of Linear. Currently, Linear lies in the range at 37.39354, so it indicates a strong trend. This shows that the price of ADX can go bullish in the future.

Conclusion

The Linear is one of the cryptos which is great for long-term investment. In addition, Linear price prediction is bullish for the short-term. It has a good chance of reaching $0.07 by the end of this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the Linear ecosystem, the performance of Linear would rise reaching $0.21 very soon. But, it might also reach $0.5 if the investors believe that Linear is a good investment in 2021.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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