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.
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.
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 could be a matter of time before the bears are outperformed.
Spot CVD raises a warning
Despite the bullish signals, LEO’s Spot CVD data remains a concern for the bulls.
According to the recent Spot Take Cumulative Volume Delta data, sellers continue to dominate the spot market, indicating that aggressive selling pressure has not completely disappeared despite the recent price recovery.
This divergence means buyers need to absorb the existing sell-side pressure to sustain the rally.
Can LEO Reach $9.55?
Overall, LEO’s rebound, rising social activity, whale participation, and rising RSI provide a constructive setup for a further bullish push.
However, the bearish Spot CVD remains a key obstacle. If buyers overcome the selling pressure and maintain control, $9.55 becomes the next major resistance to watch.
Failure to sustain the current momentum could instead send LEO back toward the $7.50-$8.50 demand zone for another test.
Final Summary
- LEO gained 8% as social volume hit its highest level since late May.
- Whale activity rose, but bearish Spot CVD kept the $9.55 breakout uncertain.
