UNUS SED LEO Price Analysis: LEO Consolidates over the charts, What’s Next?

  • The UNUS SED LEO price is trying to recover from the consolidation phase on the daily price chart.
  • The price of the LEO token is currently trading towards the daily moving average of 20, 50, 100 and 200 days.
  • The LEO / BTC pair is at 0.0002657 BTC with an intraday drop of 8.19%.

The price of UNUS SED LEO is obviously decreasing as shown by the daily price chart. The token price started falling on February 8 and started falling from $ 8.17. The currency is clearly moving downwards and is dedicated to breaking the consolidation, although it is now trading towards the lower trend line. The bulls must maintain control of the region’s outer boundary, which is indicated by a horizontal range, before LEO investors can buy. The price of the LEO coin appears to be extremely busy exiting the consolidation phase. To follow the top trendline of the consolidation phase, LEO must increase its customer base. The currency in LEO has always cost between $ 4.70 and $ 6.05.

After slipping from its largest peak in early 2022 to $ 8.13, LEO Coin has stabilized in a horizontal range bound area. The price of the cryptocurrency fluctuated between $ 4.70 and $ 6.00. For the LEO coin price to exit the consolidation phase, additional buyers are needed. Investors should watch the daily chart for any directional changes.

On the daily chart, the price of LEO Coin has been moving in the same direction since June 24. Since then, the token has been waiting for its recovery. Fewer traders are involved, as evidenced by the below-average volume movement along the chart. For LEO cryptocurrency to come out of the consolidation phase, more buyers are needed.

What do the technical indicators on LEO suggest?

On August 31, the LEO currency attempted to become overbought and tested the 73 RSI level before returning due to short selling. In the next intraday trading session, the token fell to the current level, indicating a powerful reactive response from a bearish. The RSI, which predicts neutrality for the LEO currency, is at 54. Investors should watch the chart for any directional changes.

Conclusion

The price of UNUS SED LEO is obviously decreasing as shown by the daily price chart. The token price started falling on February 8 and started falling from $ 8.17. The currency is clearly moving downwards and is dedicated to breaking the consolidation, although it is now trading towards the lower trend line. The bulls must maintain control of the region’s outer boundary, which is indicated by a horizontal range, before LEO investors can buy. The price of the LEO coin appears to be extremely busy exiting the consolidation phase. On August 31, the LEO currency attempted to become overbought and tested the 73 RSI level before returning due to short selling.

Technical levels

Support level: $5.00 and $ 4.80

Resistance level: $ 5.90 and $ 6.00

Disclaimer

The views and opinions stated by the author, or any person mentioned in this article, are for informational ideas only and do not establish financial, investment or other advice. Investing or trading crypto assets carries the risk of financial loss.

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