However, the altcoin is still significantly lower from its all-time high of $0.3126 witnessed in March 2021 during the previous bullish cycle.

Linear Finance (LINA) exhibits a bearish outlook following a prolonged downtrend. The altcoin lost around 25% of its value in the last 30 days. LINA has deteriorated despite various positive cues in the crypto market, including a potential rate hike pause by the Fed and the spot Bitcoin ETF debate.

Over the past month, Linear Finance's native coin, LINA, has seen a significant 67% drop in price. This decline comes at a time when the broader crypto market has been generally optimistic due to hints from the Federal Reserve Chair about a potential pause in interest rate hikes.

Crypto analytics firm Santiment says that the prices of eight altcoins are showing signs of moving higher.