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LINEA experiences an 18.42% surge within 24 hours, driven by robust technical performance

LINEA experiences an 18.42% surge within 24 hours, driven by robust technical performance

Bitget-RWA2025/09/23 00:44
By:CryptoPulse Alert

- LINEA surged 18.42% in 24 hours, with 1279.92% gains over 7 days and 2508.36% in 1 month, reflecting sustained bullish momentum. - Technical indicators like moving average crossovers and RSI above 50 confirm strong upward trend, supported by on-chain buying pressure. - A backtesting strategy using MA crossovers and RSI thresholds aims to capture LINEA's recent volatility while managing risk through stop-loss mechanisms.

As of September 22, 2025,

surged by 18.42% over the previous 24 hours to hit $1.1996. Over the past week, LINEA climbed 1279.92%, saw a 2508.36% increase in the last month, and maintained a 2508.36% gain over the past year.

The latest price movement for LINEA demonstrates that its strong upward momentum is persisting, with significant appreciation seen over various timeframes. The 1279.92% seven-day return and 2508.36% one-month growth highlight a robust rally, placing LINEA among the quarter’s top market performers. The annual performance, mirroring the monthly growth, indicates this trend is both sustained and intensifying.

The present price of $1.1996 continues a bullish trajectory that has unfolded in recent weeks. Both on-chain analytics and order book depth point to considerable buying interest, while resistance from sellers appears weak at important Fibonacci retracement points. Market experts believe that as long as the $1.15 support remains intact, LINEA could stay in an upward phase, given past volatility patterns and the latest trading data.

Multiple technical signals are supporting this ongoing rally. The 50-period and 200-period moving averages have both moved above their previous levels, signifying a positive market mood. RSI readings have stayed above 50, confirming strong momentum, and the MACD histogram is showing increasing bullish divergence. Together, these suggest LINEA’s technical outlook is still favorable for more upside, assuming no significant changes in liquidity or investor sentiment arise.

Backtesting Hypothesis

An analytical backtesting method has been designed to assess the effectiveness of a systematic trading approach based on LINEA’s recent market activity. This method uses a mix of moving average crossovers and RSI benchmarks to pinpoint entry and exit opportunities. The premise is that combining a 50-period and 200-period moving average crossover with RSI levels above 50 as confirmation might have captured much of LINEA’s upward move in the past month. The strategy also incorporates stop-loss and take-profit mechanisms for managing risk and reward.

The system would trigger a buy when the short-term moving average overtakes the long-term one and the RSI confirms bullish strength. A trailing stop-loss is included to help secure profits as prices rise. This backtesting setup aims to measure how such a strategy could have performed on previous LINEA price data, offering insights into its possible profitability and risk control.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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