LEO Tests Critical Support at $8.15 as Momentum Exhaustion Signals Potential Reversal Zone
LEO has tumbled from its monthly peak of $9.89 to current levels at $8.15, a sharp 17.6% decline that wiped out several weeks of gains in just seven trading days. The exchange token’s weekly performance of -15.1% represents one of the most aggressive selloffs in recent months, with price action now testing critical support zones that held throughout the fourth quarter. The main question for traders is: will the psychological $8 level provide enough buying interest to spark a relief bounce, or does this momentum exhaustion signal deeper retracement ahead?