Crypto● Neutral
LEO climbs 8% into $9.55 test; sellers still dominate spot flow
On-chain data shows LEO up 8% after a bounce off $7.50-$8.50 support, with spot CVD still pointing to sellers ahead of the $9.55 resistance level.
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UNUS SED LEO traded up more than 8% over the past day after testing the $7.50-$8.50 demand zone on the daily chart. The rebound puts $9.55, the next major resistance, back in focus. LEO has not cleared that level during this rally.
On the daily chart, the recovery follows a slide that brought LEO into the lower reaches of that support band. Buyers stepped in near $7.50 and the token has held above the zone since. A daily close below the band would change the technical picture.
Momentum data leaves room for another push. Stochastic RSI sits below overbought territory after the jump, so the move has not yet produced an extreme bullish reading. Social volume climbed to 17,422, its highest since late May. Spot average order size data shows whales placing larger orders at the current price, a sign that participation is broadening.