LINEA -114.28% in 24 Hours Amid Technical Sell-Off

On OCT 8 2025, LINEA dropped by 57.55% within 24 hours to reach $1.0882, LINEA dropped by 557% within 7 days, rose by 142.58% within 1 month, and rose by 1375.42% within 1 year.

LINEA has experienced a dramatic intraday sell-off, with its price plummeting nearly 58% in 24 hours. This sharp decline has drawn attention from market participants, especially considering the token’s long-term growth over the past year. The current price of $1.0882 reflects a dramatic reversal in sentiment, despite the asset having previously posted a 1375.42% gain over the past year. Analysts are closely monitoring whether this drop is part of a larger bearish trend or a short-term correction within a broader upward cycle.

The recent volatility contrasts sharply with LINEA’s 142.58% rise in the past 30 days, underscoring the market’s rapid shifts in sentiment. Such a divergence between short-term and long-term performance is often a sign of overbought conditions or a reaction to unexpected macroeconomic or on-chain factors. While no specific fundamental events have been tied to this drop, the technical indicators have already flashed bearish signals.

LINEA’s chart has formed a key bearish pattern following the recent drop, with price breaking below both the 20-day and 50-day moving averages. The Relative Strength Index (RSI) has also moved into oversold territory, suggesting potential near-term stabilization. However, the breakdown of key support levels has triggered a cascade of automated sell orders, exacerbating the downward move. Market watchers are now evaluating whether the $1.0882 level can hold or if a further retest of the 200-day moving average is likely.