LEO’s 17% uptick – Traders, is this real conviction or beta chasing?
LEO surged 17.6% to $7.87, significantly outperforming Bitcoin and the broader crypto market, indicating more than just beta-driven momentum. Key demand at $6.80 was strongly held, forming a double bottom, though resistance at $9.27 remains a barrier. The RSI suggests weakened selling pressure but not yet strong bullish momentum. Critically, sustained buyer dominance in Spot Taker CVD and expanding spot volume with larger trade clusters point to underlying conviction and active positioning, not just passive market chasing. The rally reflects strengthening participation within a recovery, but a break above $9.27 is needed to confirm an independent uptrend.
ambcrypto02/07 19:02
