Linear Finance Price Prediction 2023: Can Bulls Rise the Price to $0.05?

Key Takeaways

• In the times when the entire crypto space is trading under the bearish influence, LINA price managed to set up a healthy upswing
• The bulls quickly lifted the price and with a significant bullish volume, the price could now remain elevated for a long time ahead
• The surge in user activity suggests the extension of bullish influence over the crypto for the long time ahead

Linear Finance Overview as of 13 June 2023

LINA Price Forecast for this Week

The LINA price has been displaying acute strength since the beginning of the week after printing constant bearish candles throughout the past week. The price has recovered more than half of the loss incurred during the recent bearish action. Hence the bears in this case seem to be weaker, which may push the prices up in the coming days. 

Besides, the technicals are also in bullish favor and closer to flashing a huge buy signal for the crypto. The price is predicted to regain $0.02 in the next few days and maintain a significant upswing until the end of the week. Therefore, the Linear Finance price prediction for the week is bullish as the prices are predicted to reach close to $0.025.

Read More: Terra Luna Price Prediction

Linear Finance Price Prediction for June 2023

The LINA price began the monthly trade on a bearish note and lost all the gains incur during the last few days of May. The bearish crackdown did not prevail for long as the bulls quickly triggered a massive upswing. Presently, the price appears to have found a strong base and hence is believed to maintain a healthy upswing to reach the higher targets. 

The trading volume has surged to decent levels due to which the token has maintained its volatility. The higher the volatility, the greater chance that the bulls may be attracted which may lift the price higher. Therefore, the Linear Finance price could close the monthly trade above $0.35 and pave the way for a bullish H2 trade.

Linear Finance Price Prediction 2023-2024

After a steep descending trend, the market sentiments are believed to ease in the second half of 2023. The coiling bullish sentiments may lift the LINA price up which may reduce the bearish impact to a large extent. The price may maintain an ascending consolidation during the third quarter and with the beginning of the last quarter, the trend may flip into a fine upswing. Therefore, by the end of 2023, the LINA price may trade around $0.05 to $0.052.

With a bullish close, the start of 2024 could also be largely elevated. The price could reach $0.09 in just a few months and encounter a bearish action. However, the rally may soon trigger a rebound that may lift the price close to $0.1. During the second half of 2024, the upswing is believed to trigger a bull run which may close the yearly trade around, $0.25 to $0.32

LINA Price Prediction 2023-2050

Linear Finance Technical Analysis

Source: Tradingview

• The LINA price is trading within an expanding rising channel and just bounced off from the lower support at $0.01
• The price has been trading along the lower trend line for over a year and rebounded, flashing bullish signals for the crypto
• The RSI is displaying a bearish divergence, while the MACD is closer to flashing a huge buy signal as the selling volume has faded to a large extent
• Therefore, with a bullish start of the day ahead, the RSI may also turn bullish and the price may trigger the next ascending price action

Will Linear Finance Price Drop Again in 2023?

Linear Finance has been displaying enough strength in recent times and also in the times when the bearish action intensified. Moreover, the rally is following a bullish trajectory for quite a long time that may offer the required base to maintain a healthy upswing in the days in coming. Therefore, the Linear Finance price is believed to maintain a notable rise throughout the year including a couple of bearish actions, but certainly not face a bearish reversal.

Linear Finance On-Chain Analysis Overview

Linear Finance Daily Active Address

Source: Santiment

The platform’s demand and popularity are largely dependent on user activity, which in turn is suggested by the daily active address count. The DAA is nothing but the count of those addresses that have interacted with the platform to perform a trade. The trade could be either buy, sell, or swap, but the address is considered only once at a time. The rise or fall of DAA directly impacts the price as it records user activity and their sentiments. 

The daily active address has spiked heavily in the past few days, which has kept the levels elevated close to 200 addresses per day. The levels had surged to over 300 in the first few days of June and are currently trading at 185. Therefore, a rise in the DAA may further trigger a healthy upswing for crypto. 

Additional Read: Bitcoin Price Prediction

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