The post Mapping LEO crypto’s path to $9.55 – But ONE hurdle remains appeared on BitcoinEthereumNews.com.
UNUS SED LEO [LEO] has surged 8% in the past day, at press time, but faced sharp rejections at key demand zones. Despite the bullish advances, the token’s Stochastic RSI remained below overbought territory, while social activity and whale participation were also increasing. However, Spot CVD data shows sellers still dominate, creating a key test for buyers as LEO approaches its next resistance at $9.55. Will the positive sentiment overpower the network bears for an ultimate surge to $9.55? LEO rebounds from a key demand zone On the daily chart, LEO has recorded a sharp recovery after finding support within the $7.50-$8.50 demand zone. The rebound has pushed the token up more than 8%, suggesting buyers are actively defending the zone. A sustained move above the recent highs could strengthen the recovery and put $9.55 in focus. However, at press time, LEO’s RSI has yet to reach the overbought region despite the recent price surge. This indicates that the current rally has not yet produced extreme bullish momentum. If buying pressure continues without the RSI entering overbought territory, LEO could have additional room to extend its recovery. Source: TradingView Social activity hits multi-month high At the same time, LEO’s social mentions are also increasing across social channels. The token’s Social Volume has reached its highest level since late May at 17,422, highlighting a sharp increase in market attention. Rising social activity alongside price gains could signal a growing interest and potentially attract additional market participation. Source: Santiment Whales increase LEO orders A positive signal from whales is evident in the market right now. According to the recent Spot Average Order Size data, the LEO whales are making moves by placing more orders at the token’s current trading price. This implies that there are greater market forces at play, and it…
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