LEO Token: time to pull back? key levels for the next days

LEO Token — chasing green candles at the top again? Recently, according to industry sources, attention came back to exchange tokens as volumes picked up and traders rotated into “safer” yield plays while majors cooled off. LEO quietly pushed into fresh highs, and the market clearly likes that narrative, but the 4H RSI is already hovering in overbought territory.

On the 4H chart I see price grinding right under the recent local high, after a near‑vertical leg up from that big green demand zone below. Volume by price shows the real interest sitting much lower, not up here in the thin air, so I’m leaning toward a corrective move rather than chasing a breakout. I might be wrong, but this looks more like distribution than a fresh impulse.

My base case: a pullback toward the nearest support cluster around 9.30, and if that gives way, a deeper dip into the 9.00 liquidity pocket where buyers previously stepped in. For now I prefer waiting for price to come to me instead of FOMO buying highs. Invalidated if we accept above the recent top and hold there on strong volume – then the squeeze can extend and shorts get cooked.