$LINEA 🔴🔴Downward trend in price: LINEA has decreased by 37% over the past 30 days, testing the lowest historical support level at around $0.0072 amid significant selling pressure.
Capital flight: The currency is under significant selling pressure, as evidenced by large net outflows and a recent liquidation of long positions.
Positive adoption indicators: Despite the price drop, there is positive long-term news including integration tests with Swift and strategic use by MetaMask.
Updates from Binance: Binance is adjusting the tick size of LINEAUSDT futures and offering rewards from $LINEA through cumulative ETH campaigns on the Earn platform.
Negative technical indicators for LINEALINEA are trending sharply downward, having dropped 37% over 30 days. There is severe selling pressure, with large capital outflows and recent liquidation of long positions, testing the historical minimum support level. Positive long-term adoption indicators.
Swift is testing on-chain messaging on the Linea network with major banks.
MetaMask is building its own cryptocurrency card on this network.
Binance is adjusting the tick size of LINEAUSDT futures to improve liquidity. 🔗
Earn LINEA rewards on the Binance platform
Accumulated ETH rewards: Participate in a distribution worth 30 million LINEA by subscribing to flexible ETH products on the Binance Earn platform.
Premium List Contest: Compete for the premium list of flexible ETH products to earn additional rewards from LINEA. 🔗
Key levels to watch
The main support is the historical low at ~$0.0072. If broken, it could lead to further declines.
