UNUS SED LEO Price Analysis: Will LEO again Showcase its Potential?


  • The current trading volume of UNUS SED LEO is at $2,465,113.00.
  • Current UNUS SED LEO Price is 6.06 dollars
  • LEO down approximately -1.17% within the last 24 hours.
  • The $3.86 support level for LEO/USD is really strong.

19 March 2024 : 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 -1.84 percent, bringing the entire cryptocurrency market to $2,478,909,603,013. The total trading volume stands at $144,109,598,327. Bitcoin shares 52.44 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price dropping down to $66,096.78 level after a decline of -2.27%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -5.19 percent reaching to $3,416.76 during the previous 24 hours.
While publishing this blog, Solana traded at $187.47, following a price change of -5.76%within the same time frame. BNB the native coin of BNB is down by -4.4 and currently trading at $534.35. Additionally, XRP reached $0.62 after seeing a uplift of 0.87% 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 $4.60 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

UNUS SED LEO Performance

The daily chart of UNUS SED LEO shows that the LEO price has a downward movement with a -1.17% decrease in past 24 hours. The price value of the UNUS SED LEO (LEO) coin is standing at $6.06 with market capitalization $5,616,528,288.00 USD. LEO price changes 3.51% over the week while the trading volume is hovering around $2,465,113.00 USD.

UNUS SED LEO Price Analysis

LEO price analysis for 19 March 2024 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) 4.30 Buy
Exponential Moving Average (10) 4.34 Buy
Simple Moving Average (20) 4.22 Buy
Exponential Moving Average (20) 4.25 Buy
Simple Moving Average (50) 4.60 Buy
Exponential Moving Average (50) 4.60 Buy

RSI implying overbought phase while trading at 77 and a trend reversal is possible for short-term. 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.

Conclusions

UNUS SED LEO has few recovery chances and might continue testing immediate resistance level of $4.60 in the coming days. While the gradual bullish movement in the overall cryptocurrency space can keep LEO investors hopeful.