- LinqAI gained 14.5% in 24 hours, reaching $0.04048 with resistance ahead at $0.04198.
- Price bounced near $0.03533 support, a level that previously triggered a reversal.
- The daily chart shows bullish crossover, with 200 EMA posing the next major technical barrier.
LinqAI (LNQ) rose by 14.5% over the last 24 hours, trading at $0.04048 at the time of reporting. The price bounced near the $0.03533 support level, which had marked a prior reversal zone on the chart. This rebound occurred after a prolonged decline, where the asset bottomed around $0.02961 before trending higher.
This current move brought the price into a critical technical range. On the 4-hour chart, price momentum sharply reversed just after consolidating below the green support band. This area has acted as a key technical floor. From there, the token made a rapid recovery, forming a curved base. Following this price action, attention now shifts toward resistance.
Resistance Zone Limits Upside as Moving Averages Compress
At $0.04198, a resistance level now caps further upside. The price reached close to that mark during the latest intraday spike. However, it did not yet break the 200 EMA, which currently aligns near $0.06088 on the broader time frame. Historically, this moving average has acted as a dynamic barrier.
A rising price would then have to finish several sessions further above that EMA level to rebuild lasting bullish construction. In the short term, the movement is limited by the range between $0.03533 and $0.04198. This range will likely guide near-term volatility. As momentum builds, moving averages have begun to compress.
EMA Compression Signals Trend Reversal
Several short-term EMAs have now converged below the current price level. This compression followed after weeks of trending below the moving average cluster. With the bounce, the trend direction on the daily chart has shifted from declining to rising.
The rebound also came with a short spike in volume, suggesting renewed interest in the token. If the price continues trading above the recent breakout zone, traders will likely monitor reaction near $0.06088. Until then, consolidation within the current band remains intact.
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