Brief Analysis ——LINAToday we will share a brief analysis of 3 old-school tokens. They are ANKR, IOTA and LINA.
This is a very special token. Since the beginning of 2023, the price has made many V-reversals, and a rapid rise will inevitably be accompanied by a rapid fall. Although the trend is rising with fluctuation, the bears is hardly weaker than the bulls. Trading volumes are significantly higher than the previous in 2023. From mid-June, the volatility decayed, and the price kept moving in a black angle. The angle is bearish and the high point of rebound is lower than the previous one. The price does not currently confirm the lower line of the breakout angle, but if a rainbow colored candle appears, then the downtrend is confirmed.
Conclusion: Mostly fluctuation. LINA kept neutral on a large scale. The gap between bears and bulls now is narrow. While in a bearish angle, the bears is not confirmed. We set resistance level at 0.017 and support level at 0.010.
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