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- 1 LEO crypto gives a bullish perspective on the daily timeframe.
- 2 LEOUSD is currently trading at $3.810 with a hike of 0.27% in 24 hours.
LEO price prediction suggests that LEO crypto is presently moving on an uptrend after breaking out of the bear’s stronghold. The price is trying to break above the critical EMAs on the daily timeframe. The volume is seeing a slight decline which indicates that there is a fall in buying and selling activity.
If the price gains buyers’ support at the present level, it could surge up to $5 within the next few weeks whereas the immediate support level for the LEO token is around $3.6. The price movements are relevantly more stable for LEO crypto than other major cryptocurrencies.
The buyers have an adequate probability of attaining the expected target if they are able to sustain the price above the 200 EMA which would put the anticipated outcomes in the bulls’ favor. The present value of LEO is $3.8 and it has a market capitalization of around $3.753 Billion (press time).
LEO price has been trading in a bull trend for the past few months. After making a breakout LEO crypto price has been finding consistent support from the bulls from the trendline. The price action shows that the 200 EMA level could be smashed soon.
Technical Analysis of LEO Crypto Price in 1-D Timeframe
LEO has steadily seen its crypto price rise for the past three months, gaining 8.42% in the last month. Currently, LEO crypto is trading at $3.810 and has been trying to hold on to this level after an unexpected surge in price.
Currently, LEO crypto (USD: LEO) is trading below the 50 and 200-day SMAs (simple moving averages). The SMAs are not supporting the price momentum as of now.
However, if buying volume adds up, then the price might rise under bullish momentum in the form of higher highs and new highs. Hence, the LEO price is expected to move upwards giving bullish views over the daily time frame chart.
The current value of RSI is 44 points heading upward. The 14 SMA is below the median line at 41 points which indicates that the LEO crypto is bullish. The MACD line and the signal line are below the zero line. A bearish crossover is observed in the MACD indicator which signals weakness in the momentum of the LEO crypto price.
Summary
LEOUSD technical oscillators also support the bullish trend. The MACD, RSI, and EMA are emphasizing positive signs and imply that the uptrend may continue in the LEO crypto price. Price action suggests that the investors and traders are bullish on the 1-Day time frame. The price action reflects a bullish perspective at the moment. However, investors and traders should wait for proper setup for the next move and avoid FOMO.
Technical Levels
- Support Levels: $3.69333333 and $3.45666667.
- Resistance Levels: $4.18333333 and $4.43666667.
Disclaimer
The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in crypto involves risk. Please assess your situation and risk tolerance before making any investment decisions.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
