| Level | Price | From price | Role |
|---|---|---|---|
| Resistance | 9.543 | +7.2% | sr, plan leg |
| Volume shelf | 9.237 | +3.7% | hvn, sr |
| 3-TF resistance | 9.118 | +2.4% | confluent, calendar |
| 2-TF resistance | 9.030 | +1.4% | confluent, golden pocket |
| 2-TF resistance | 8.947 | +0.5% | confluent, calendar |
| 2-TF support | 8.880 | -0.3% | confluent, golden pocket |
| Order block | 8.831 | -0.8% | order block, calendar |
| 3-TF support | 8.806 | -1.1% | confluent, calendar |
| 2-TF support | 8.717 | -2.1% | confluent, calendar |
LEO is in a 8.880–8.947 squeeze, and price is drifting toward the 8.880 floor. What argues for higher: a wick swept the 8.806 low and price closed back inside, and the heaviest-traded price sits above at 9.030 (volume POC) — price tends to be drawn back to it. What argues for lower: the drop has given back all of the rally before it — buyers did not hold it, and price fell back inside the range it had broken out of — the breakout failed. No single reason settles it, but taken together the evidence leans higher (54% against 39%). Volatility is squeezed tight, and price is in the middle of the squeeze, but the last candles are drifting toward the 8.880 floor — a drift is not a decision, so the reaction there is what counts. On the daily chart, boxes like this have broken within about 4 candles, and 31% of first breaks closed back inside before reaching a target — so the close that holds matters more than the first poke. The total crypto market cap is down 3.1% over the last 24 hours. A bullish pin bar is forming on the chart — it would back the higher case if it triggers, and confirms nothing until it does. Price sits between support 8.880 and resistance 8.947.
The ceiling is 8.947 (2-TF resistance) — until price closes and holds above it, rallies keep running into the same sellers. Overhead is a band, not a line — 9.030 (2-TF resistance) sits just above the ceiling 8.947, so a clean upside resolution has to clear the group. Below, 8.880 (2-TF support) is the floor — a close that holds under it and the structure opens up. Beyond the box, the next levels are 9.118 (3-TF resistance) above and 8.717 (2-TF support) below.
At 54%, this needs a close and hold above 8.947. That opens 9.118 (3-TF resistance) then 9.237 (Volume shelf). It fails on a close and hold below 8.880.
At 39%, this needs a close and hold below 8.880. From there the road runs to 8.717 (2-TF support) then 8.623 (Support). It fails on a close and hold above 8.947.
At 7%, price keeps rejecting both edges of 8.880–8.947 and the range holds.
A close below 8.880 turns the drift into a break. A rejection at 8.880 sends price back across the squeeze toward 8.947. The way to get this wrong: trading the middle of the squeeze — the read only changes at 8.880 or 8.947.
New to reading charts? Support and resistance · Market structure · How to read a crypto chart