24 September 2023 : In this article we will walk you through UNUS SED LEO price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for UNUS SED LEO, Is LEO a good investment? UNUS SED LEO support & resistance levels etc. But before diving deep into the LEO technical analysis, let us talk about the current market conditions.
Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,054,391,492,591. The total trading volume stands at $14,627,423,188. Bitcoin shares 49.16 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $26,589.51 level after an upward movement of 0.04%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -0.04 percent reaching to $1,593.05 during the previous 24 hours.
While publishing this blog, BNB traded at $210.80, following a price change of -0.03%within the same time frame. XRP the native coin of XRP is down by -0.31 and currently trading at $0.51. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.
Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of UNUS SED LEO (LEO)
|LEO Resistance Levels||LEO Support Levels|
|Resistance Level 1||$4.60||Support Level 1||$4.13|
|Resistance Level 2||$4.81||Support Level 2||$3.86|
|Resistance Level 3||$5.08||Support Level 3||$3.66|
The daily chart of UNUS SED LEO shows that the LEO price has a downward movement with a -2.99% decrease in past 24 hours. The price value of the UNUS SED LEO (LEO) coin is standing at $3.73 with market capitalization $3,462,874,524.00 USD. LEO price changes 1.35% over the week while the trading volume is hovering around $554,274.00 USD.
LEO price analysis for 24 September 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the UNUS SED LEO.
|Simple Moving Average (10)||4.30||Sell|
|Exponential Moving Average (10)||4.34||Sell|
|Simple Moving Average (20)||4.22||Sell|
|Exponential Moving Average (20)||4.25||Sell|
|Simple Moving Average (50)||4.60||Sell|
|Exponential Moving Average (50)||4.60||Sell|
RSI implying overbought phase while trading at 77 and a trend reversal is possible for short-term. The coin is going down as it break below two crucial support levels of $4.13 and $3.86. The market is not suitable for bulls and bears might take LEO towards the next support at $3.66. While LEO’s Williams %R indicator is at -4.286 for the 14-day time period indicating a overbought condition and short term trend price correction is possible. The LEO/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term buy signal as the MACD line is moving above Signal Line Which means bulls are dominating in the market.
According to the UNUS SED LEO (LEO) price analysis, the bears have failed to take the market downwards, and as a result, we are likely to see the continuation of the bullish trend in the coming days.