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- 1 LEO price is trading above the key moving averages, showcasing bullishness on the daily technical chart.
- 2 The crypto has risen by almost 45.64% in the last 3 months.
Unus Sed LEO (LEO) is a utility token crafted for the Bitfinex cryptocurrency exchange network and its parent entity, iFinex’s, broader platform. It was introduced as a strategic move to navigate through pivotal financial challenges faced by the company. LEO functions as a utility token within the iFinex network and embodies the firm’s dedication to transparency and superior performance following a significant financial recovery.
In May 2019, iFinex unveiled the LEO token, marking a recovery phase from Bitfinex’s financial turbulence, which involved a $850 Million deficit affecting both client and corporate funds. The launch of LEO aimed to mitigate these losses and rebuild trust with the Bitfinex clientele.
Technical Analysis Of LEO Price Crypto
The UNUS SED LEO crypto (LEO) crypto price is in bullish territory and has demonstrated bullish momentum in the past few trading sessions. Moreover, the token is sustaining gains above the key moving averages and is persistent in stretching the gains. The token has given a golden crossover and has surged over 45% in the last 3 months, replicating the bull accumulation.
The price of UNUS SED LEO crypto has initiated a significant bullish movement from the lower support levels, breaking above the major trendline and resulting in a surge towards the upper resistance.
The LEO token price has been on an uptrend, forming multiple higher-high swings and continuing its bullish rally. This reflects the stability and trust of the UNUS SED LEO community in the project.
The LEO asset price is currently above the 50-day and 200-day exponential moving averages, indicating bullish sentiments in the current trading session. Previously, both EMAs had a golden crossover, signifying a strong uptrend.
UNUS SED LEO Crypto has shown bullish strength, with daily charts indicating bullishness in crypto price. Additionally, the price is trading above the major EMAs, further indicating strength for the cryptocurrency. The RSI curve is near 53, in a positive zone, with a positive outlook indicating bullish sentiment in the cryptocurrency. The MACD indicator continues to form a green band, with a bullish crossover indicating a corrective move.
UNUS SED LEO Crypto Price vs Volume Analysis
The volume and price graph displayed that the trading volume has increased in the last few days and the price has also inclined. In the last few days, the price has grown significantly. Hence, the price is expected to grow in the long term.
UNUS SED LEO Crypto Social Dominance vs Social Volume
Based on the social dominance and social volume graph, it is evident that both social dominance and social volume increased over the last few months, positively impacting the price. Additionally, the momentum of the UNUS SED LEO price may be influenced by changes in social dominance and volume dominance.
Summary
UNUS SED LEO price prediction is bullish for the long term and suggests that the bullish momentum might continue. LEO price is within the bulls’ grip, so the probability of reaching the upper level in the upcoming weeks remains high.
Technical Levels
Support Level: $5.533
Resistance Level: $6.195
Disclaimer
It’s important to note that the views and opinions presented in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading stocks carries inherent risks, and readers should conduct their research before making any financial decisions.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
