The cryptocurrency market saw a notable recovery, with Unus Sed Leo (LEO) and Hedera (HBAR) posting significant gains driven by a mix of technical rebounds and fundamental developments. LEO, the utility token of the Bitfinex exchange, surged 17.6% in 24 hours to trade near $7.87, outpacing Bitcoin's 5.66% gain and the total market's 5.33% expansion. This performance highlighted LEO's historically higher beta during risk-on phases, amplifying broader market sentiment shifts.
LEO's price action revealed a firm defense of the $6.80 demand level, where aggressive buyer bids created a visible double-bottom pattern, preventing further downside. However, upside progress was capped by strong resistance at $9.27, a level that has rejected multiple recovery attempts. Momentum indicators, such as the daily RSI stabilizing near 42.3, suggested selling pressure had weakened, though buyers had not yet regained full control. On-chain data from CryptoQuant showed sustained buyer-dominant Spot Taker CVD over a 90-day window and expanding spot volumes, indicating active conviction and demand building beneath the surface rather than passive market tracking.
Meanwhile, Hedera (HBAR) rebounded approximately 20% after a prolonged downtrend that saw its price slide from $0.134 to a low near $0.07766. This capitulation wick signaled exhaustion of selling pressure, leading to a stabilization above $0.080 and a recovery toward $0.090. The RSI strengthened to 53, reflecting improved momentum. The technical recovery was bolstered by a key institutional development: Hedera joined the Digital Monetary Institute (DMI) in early February 2026. This partnership, led by the Official Monetary and Financial Institutions Forum (OMFIF), aligns Hedera with central banks, payment firms, and other blockchain networks like Ripple in discussions on CBDCs and digital money, enhancing its enterprise credibility and real-world infrastructure exposure.
Both assets demonstrated recoveries within broader ranges—LEO between $6.80 and $9.27, and HBAR below the key $0.10001 resistance—with their moves supported by a combination of technical factors and fundamental narratives.
