LINEA crashed hard today. We're talking a brutal 9.94% drop in just 24 hours—way worse than the broader crypto market's 6.08% dip. What's driving this bloodbath?
The elephant in the room: a massive $14.63 million token unlock looming on the horizon. Markets hate uncertainty, and this scheduled dump has traders running for the exits. When you combine that with already bearish sentiment across the board, you get a perfect storm.
Technically speaking, things look grim. LINEA broke down below its key simple moving averages—classic bearish signal that usually means more pain ahead. The critical support level sits at $0.00915 right now. If that floor gives way? We could be looking at a much deeper plunge.
Token unlocks always mess with price action, but this one's hitting at the worst possible time. Market's already shaky, sentiment's turning sour, and now holders are staring down millions in fresh supply hitting exchanges. Not exactly a recipe for recovery.
Anyone still holding might want to keep that $0.00915 level glued to their screen. Break below it and all bets are off.
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LINEA crashed hard today. We're talking a brutal 9.94% drop in just 24 hours—way worse than the broader crypto market's 6.08% dip. What's driving this bloodbath?
The elephant in the room: a massive $14.63 million token unlock looming on the horizon. Markets hate uncertainty, and this scheduled dump has traders running for the exits. When you combine that with already bearish sentiment across the board, you get a perfect storm.
Technically speaking, things look grim. LINEA broke down below its key simple moving averages—classic bearish signal that usually means more pain ahead. The critical support level sits at $0.00915 right now. If that floor gives way? We could be looking at a much deeper plunge.
Token unlocks always mess with price action, but this one's hitting at the worst possible time. Market's already shaky, sentiment's turning sour, and now holders are staring down millions in fresh supply hitting exchanges. Not exactly a recipe for recovery.
Anyone still holding might want to keep that $0.00915 level glued to their screen. Break below it and all bets are off.