** Bearish Price Action **: Decreased by 3.12% daily, testing its lowest support level ever amid widespread fear in the market and negative capital flows.
** Unlock Supply Pressure **: Unlocking 1.38 billion tokens, which represents 6.67% of the circulating supply, has significantly increased selling pressure.
** High Leverage Risk **: There are extremely high long buying positions, with a long/short ratio exceeding 40, indicating a high risk of cascading liquidations.
** Strategic Developments **: The major partnership with Swift provides a long-term bullish catalyst, while Binance Earn campaigns offer rewards.
Bearish Pressure Mounts
LINEA decreased by 3.12% over 24 hours and is trading near its all-time low of ~$0.0072.
Recent outflows of capital indicate weak support from buyers.
A very high long/short ratio indicates a risk of cascading liquidations.
Unlock Pressure vs. Swift Partnership
1.38 billion tokens opened significant pressure on supply in the short term.
The integration test with Swift with major banks on Linea is a key long-term catalyst.
LINEA remains one of the best L2 layers in terms of social activity despite weak price. 🔗
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Strategic Levels to Watch
Critical support is at the all-time low (~$0.0072).
The long-term potential of Swift integration and ecosystem growth.
