{"id":14762,"date":"2025-10-30T10:40:00","date_gmt":"2025-10-30T10:40:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/linea-price-keeps-dumping-despite-sharplinks-200m-eth-stake-and-consensys-ipo-buzz\/"},"modified":"2025-10-30T10:40:08","modified_gmt":"2025-10-30T10:40:08","slug":"linea-price-keeps-dumping-despite-sharplinks-200m-eth-stake-and-consensys-ipo-buzz","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/linea-price-keeps-dumping-despite-sharplinks-200m-eth-stake-and-consensys-ipo-buzz\/","title":{"rendered":"LINEA price keeps dumping despite SharpLink\u2019s $200M ETH stake and ConsenSys IPO buzz"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">LINE price keeps dumping despite major institutional catalysts from its maker ConsenSys and SharpLink. Is bottom in yet?<\/p>\n<div id=\"cn-block-summary-block_c66d8846c3dd0790b140e6abfa6948a5\" 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>LINEA price continues to slide below key moving averages, with the 9-day EMA rejecting every rebound attempt.<\/li>\n<li>Renewed optimism from ConsenSys\u2019 IPO plans and SharpLink\u2019s $200M restaking deployment is fueling hopes that LINEA may be bottoming, though technicals yet to confirm it.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Linea (LINEA), ConsenSys\u2019 zkEVM Layer-2 network, has been in the spotlight this week following major institutional developments.<\/p>\n<p>Earlier this week, SharpLink announced it would allocate $200 million worth of Ethereum (ETH) from its corporate treasury to Linea via ether.fi and EigenCloud, supporting staking and restaking programs tied to emerging services like verifiable AI. <\/p>\n<p>The announcement came just as ConsenSys \u2014 the developer of Linea and the company behind MetaMask and Infura \u2014 confirmed that JPMorgan and Goldman Sachs will lead its upcoming IPO.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">LINEA price technical analysis<\/h2>\n<p>Despite these strong fundamental developments, LINEA price chart still looks very depressed. Technical structure on the daily chart shows the token is trading below all key moving averages, with the 9-day EMA acting as immediate resistance, rejecting every attempt to reclaim it since late September.<\/p>\n<p>The recent sessions show signs of flattening, while the Stochastic RSI has just flashed a bullish crossover in the oversold zone, which often precedes short-term stabilization or a relief rally. However, it\u2019s worth noting that the previous two crossovers in this trend have failed to translate into reclaim of the EMA 9.<\/p>\n<p>That being said, with renewed optimism following SharpLink\u2019s $200 million restaking deployment and ConsenSys\u2019 IPO news, there\u2019s growing hope that LINEA may be forming a local bottom. Price action is likely to consolidate around current levels before any breakout attempt. <\/p>\n<p>For bullish momentum to take hold, LINEA price must make a higher low followed by a higher high, with a confirmed close above the EMA 9. A reclamation of the 0.382 Fib level would serve as the clearest signal that buyers are regaining control. <\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">LINEA 1D price chart | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/skYOuuO6\/?symbol=BINANCE%3ALINEAUSDT\" target=\"_blank\" rel=\"nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LINE price keeps dumping despite major institutional catalysts from its maker ConsenSys and SharpLink. Is bottom in yet? Summary LINEA price continues to slide below key moving averages, with the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":13891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14762","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\/14762","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=14762"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14762\/revisions"}],"predecessor-version":[{"id":14763,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14762\/revisions\/14763"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/13891"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}