LEO Eyes $9.55 as Bullish Sentiment Meets Bearish Market Pressure

LEO, a token tied to Unus Sed LEO's (UNUS SED LEO) ecosystem, has risen by 8% in the past day as it approaches its next resistance at $9.55.

The rebound comes after LEO found support within the $7.50-$8.50 demand zone on the daily chart, indicating that buyers are actively defending this area.

Despite the price surge, however, LEO's Stochastic RSI remains below overbought territory, suggesting that the current rally has not yet produced extreme bullish momentum.

Rising social activity and whale participation are also supporting the token's recovery, with its Social Volume reaching a multi-month high of 17,422 across social channels.

However, Spot CVD data shows sellers still dominate the spot market, creating a key test for buyers as they aim to overcome the selling pressure and sustain their rally.