Linea price is showing mild weakness ahead of its next major token unlock, as traders watch key support levels for potential reactions. Summary $27.5M LINEA token unlock today could test key support at $0.0240. Bullish breakout targets $0.0280; bearish case eyes $0.0235. Fundamentals and institutional pilots continue to support network growth. 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–$0.02957. It now sits about 46% below its all-time high of $0.04667, set on Sept. 10. 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. According to data 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. LINEA token unlock could test market sentiment On Oct. 10, 1.08 billion Linea (LINEA) tokens, worth roughly $27.54 million, will be unlocked, as per Tokenomist data. The unlock represents 6.57% of the released supply. Only 22.83% of all tokens have been unlocked so far as part of Linea’s gradual vesting structure. As early holders gain liquidity, large token unlocks often increase short-term selling pressure. However, Linea’s fundamentals are strong thanks to a growing decentralized finance ecosystem. The project’s 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. You might also like: MetaMask unveils rewards program, $30m in LINEA for users 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. 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. Linea price technical analysis 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. Linea 1-hour chart. Credit: crypto.news 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. A brief recovery toward $0.0280 may occur if buying volume rises and Linea breaks above the $0.0258–$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. Read more: Ethereum price tests support near $4,300 as spot ETH ETFs see first net outflows in 9 days