UNUS SEO LEO (LEO/USD) Market Expands Upward Amidst Upward Resistance At $6.010
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UNUS SEO LEO Price Prediction – May 15
The LEO/USD market expands upward amidst upward resistance at $6.0100. Since April 5, 2024, the market’s direction has been bullish, aligning with an emerging trendline.
Owing to the resistance at $6.0100, the buying momentum is not impressive. However, the price keeps expanding upward alongside the rising trendline. According to the SMA (Simple Moving Average), the direction of the price is upward. Similarly, the MACD (Moving Average Convergence Divergence) has crossed the zero line as price gears skyrocket.
LEO/USD Market Key Levels:
Resistance levels: $6.0100, $6.1900, $6.5000
Support levels: $5.1700, $4.3500, $3.6100
LEO/USD – Daily Chart
The LEO/USD daily chart showcases that the UNUS SED LEO market is expanding upward amidst upward resistance at $6.010.
The CHoCH (Change of Character) in December at $3.9720 led to the ongoing overall bullish trend. The MACD (Moving Average Convergence Divergence) has since been reluctant to cross the zero line to the downside.
The emerging expansion in 2024 did not end until the price hit $6.1860 resistance. LEOUSD crashed afterward, grabbing sell-side liquidity below $5.6720.
How is LEOUSD likely to react as it invalidates the $6.0100 resistance?
Owing to the selling pressure from the $6.0100 resistance, the market is experiencing a slow appreciation. The invalidation of the $6.0100 resistance, however, is expected to cause a massive rally to the upside.
LEO/BTC Price Analysis
LEOBTC remains bullish since the retraction at 0.0000680 support. The upward retraction occurred in February 2024 after a massive crash into the 00006800 demand zone.
Another bounce off the major trendline just happened as the price returned from the 0.00001040 swing high. The bullish trend is expected to continue as the 0.00001040 high gets invalidated.
UNUS SEO LEO (LEO) Current Statistics
The current price: $5.9490
Market Capitalization: $5,550,000,000
Trading Volume:$2,450,000
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