{"id":13045,"date":"2025-10-10T08:50:18","date_gmt":"2025-10-10T08:50:18","guid":{"rendered":"https:\/\/bitunikey.com\/news\/linea-price-tests-support-as-market-braces-for-26m-token-unlock\/"},"modified":"2025-10-10T08:50:21","modified_gmt":"2025-10-10T08:50:21","slug":"linea-price-tests-support-as-market-braces-for-26m-token-unlock","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/linea-price-tests-support-as-market-braces-for-26m-token-unlock\/","title":{"rendered":"Linea price tests support as market braces for $26M token unlock"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Linea price is showing mild weakness ahead of its next major token unlock, as traders watch key support levels for potential reactions.\u00a0<\/p>\n<div id=\"cn-block-summary-block_5503d6c2c37f2194c2ce755b753417c7\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>$27.5M LINEA token unlock today could test key support at $0.0240.<\/li>\n<li>Bullish breakout targets $0.0280; bearish case eyes $0.0235.<\/li>\n<li>Fundamentals and institutional pilots continue to support network growth.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Linea was trading at $0.02481 at press time, down 2.3% in the past 24 hours and 4.5% over the past week. The token has been hovering within a seven-day range of $0.02459\u2013$0.02957. It now sits about 46% below its all-time high of $0.04667, set on Sept. 10.<\/p>\n<p>Market activity has increased even as price momentum weakens. 24-hour spot trading volume rose 11.5% to $130.02 million, suggesting stronger participation among short-term traders. <\/p>\n<p>According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/LINEA\/futures\" target=\"_blank\" rel=\"nofollow\">data<\/a> from CoinGlass, open interest decreased 3.58% to $137.85 million, while derivatives volume rose 7.76%, suggesting that some leveraged positions are being closed. Rising volume and declining open interest often indicate profit-taking or risk-reduction before a significant event.<\/p>\n<h2 class=\"wp-block-heading\">LINEA token unlock could test market sentiment<\/h2>\n<p>On Oct. 10, 1.08 billion Linea (LINEA) tokens, worth roughly $27.54 million, will be unlocked, as per Tokenomist <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/tokenomist.ai\/linea\" target=\"_blank\" rel=\"nofollow\">data<\/a>. The unlock represents 6.57% of the released supply. Only 22.83% of all tokens have been unlocked so far as part of Linea\u2019s gradual vesting structure.<\/p>\n<p>As early holders gain liquidity, large token unlocks often increase short-term selling pressure. However, Linea\u2019s fundamentals are strong thanks to a growing decentralized finance ecosystem. <\/p>\n<p>The project\u2019s total value locked has risen to $1.49 billion despite post-launch volatility after the July Token Generation Event, indicating sustained network activity. Linea benefits from strong alignment with Ethereum (ETH), with 85% of supply set aside for ecosystem expansion and no insider allocations.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Additionally, institutional traction continues to grow. While SWIFT is testing Linea for blockchain-based interbank messaging, SharpLink intends to deploy about $3.6 billion in Ethereum treasuries to Linea.<\/p>\n<p>The upcoming native yield mechanism and Ignition rewards program, which will distribute over $30 million in incentives through November, are expected to sustain liquidity and attract users.<\/p>\n<h2 class=\"wp-block-heading\">Linea price technical analysis<\/h2>\n<p>On the 1-hour chart, Linea is showing short-term weakness as it trades just below its 20-hour simple moving average of $0.02515. The Bollinger Bands are contracting, which is often an indication that a volatility breakout may occur. The relative strength index is at 47, which indicates neutral momentum.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Linea 1-hour chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>While the Momentum indicator shows a mild buy signal, suggesting that downward pressure may be slowing near support, the majority of moving averages lean bearish. Resistance is located close to $0.0268, and immediate support is located around $0.0240.<\/p>\n<p>A brief recovery toward $0.0280 may occur if buying volume rises and Linea breaks above the $0.0258\u2013$0.0268 resistance zone. If sentiment declines and the unlock adds new supply pressure, a close below $0.0240 might lead to further declines toward $0.0235 or even $0.0228.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Linea price is showing mild weakness ahead of its next major token unlock, as traders watch key support levels for potential reactions.\u00a0 Summary $27.5M LINEA token unlock today could test&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5967,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=13045"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13045\/revisions"}],"predecessor-version":[{"id":13046,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13045\/revisions\/13046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5967"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}