UNUS SED LEO Price Analysis: LEO Up By 1.39%, Time to Buy?


  • In terms of LEO support floor, it is now $3.88.
  • LEO price flashes signs of bullishness on 7-days price chart.
  • The current trading volume of UNUS SED LEO is at $2,762,018.00.
  • LEO/USD pair trading below EMA(20).

03 October 2022 : 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.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.34 percent, bringing the entire cryptocurrency market to $936,641,496,110. The total trading volume stands at $53,445,285,048. Bitcoin shares 39.68 percent of the entrie market while Ethereum has a dominance of 16.12%.
which resulted in Bitcoin's price rising to $19,387.90 level after an upward movement of 0.98%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.66 percent reaching to $1,318.93 during the previous 24 hours.
While publishing this blog, BNB traded at $287.28, following a price change of 1.46% within the same time frame. XRP the native coin of XRP is down by -1.95 and currently trading at $0.45. Additionally, Cardano reached $0.42 after seeing a uplift of 0.01% 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.

UNUS SED LEO Support and Resistance

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 $4.54 Support Level 1 $3.88
Resistance Level 2 $4.94 Support Level 2 $3.63
Resistance Level 3 $5.19 Support Level 3 $3.23

UNUS SED LEO Performance

According to PriceAnalysis Market Index, UNUS SED LEO (LEO) is trading at $4.17 with a trading volume of $2,762,018.00. However,LEO has seen a price increase of 1.39% in the last 24 hours.LEO price changes 1.27% over the week with a total market capitalization of $3,973,810,737.00 USD.

UNUS SED LEO Price Analysis

LEO price analysis for 03 October 2022 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.

Moving Averages Price Indicator
Simple Moving Average (10) 4.15 Buy
Exponential Moving Average (10) 4.15 Buy
Simple Moving Average (20) 4.48 Sell
Exponential Moving Average (20) 4.44 Sell
Simple Moving Average (50) 4.91 Sell
Exponential Moving Average (50) 4.88 Sell

RSI implying near oversold phase while trading at 38 and is trying to break out of the bearish zone. The immediate resistance level for LEO prices is at the psychological mark of $4.54. If everything goes well the coin might try to break above $4.94 mark. Conversely, the broken trend line might bring the price back to $3.88 support level. 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. While LEO’s Williams %R indicator is at -93.277 for the 14-day time period indicating a oversold condition and short term trend reversal is possible. Bulls can move the market in upward direction.

Conclusions

The UNUS SED LEO market is shown signs of being optimistic, and buyers have the potential to drive prices of the cryptocurrency higher in the next few days. The price of LEO is expected to break above its resistance level of $4.54. On the other hand, if UNUS SED LEO broke out from the bullish pattern and led its way toward support level of $3.88.