UNUS SED LEO (LEO/USD) Market Shows Strong Bullish Momentum On Technical Indicators
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UNUS SED LEO Price Prediction – June 11
UNUS SED LEO market shows strong bullish momentum on technical indicators. The technical indicators on the LEOUSD daily chart suggest a strengthening bullish trend.
The MACD histogram is in positive territory, and the MACD line has crossed above the signal line, which is a classic buy signal indicating upward momentum. Moreover, the 9-day Simple Moving Average (SMA) is sloping upwards and currently sits at $9.000, providing dynamic support to recent price action. The price remains above the SMA, reinforcing bullish control in the short term.
LEO/USD Market Key Levels:
Resistance levels: $9.920, $10.710, $11.500
Support levels: $8.840, $7.940, $6.500
LEO/USD – Daily Chart
The daily chart for LEO/USD shows an impending rally as price failed to form a lower low.
Price action shows a clear bullish structure forming after a failed swing low near the $8.310 level, which attracted buying pressure. The price has since broken above the minor resistance around $9.480 and is now challenging the $9.920 level.
A daily close above $9.920 would confirm a breakout, potentially converting this level into new support. Notably, the recent candles have higher lows and higher highs, signaling continuous accumulation and buying interest in the pair.
What is the projection for LEOUSD market?
If bullish momentum persists, the next target lies at $9.920, and a breakout above that level could accelerate the move toward $10.710. A continuation beyond that may even see price extend toward the longer-term resistance at $11.500. These upside projections are contingent on price sustaining above $9.480 and avoiding a breakdown below the $8.840 zone, which would invalidate the bullish scenario in the near term.
LEO/BTC Price Analysis
LEOBTC has rejected the breaker block around 0.00008810 with a bearish engulfing candle. The recent swing high took out buy-side liquidity (BSL), but failed to close above resistance, signaling weakness.
Price is now trading below the 9-day SMA and struggling to reclaim 0.00008390. A move toward the 0.00007000 support level appears likely if bearish momentum continues.
UNUS SEO LEO (LEO) Current Statistics
The current price: $9.110
Market Capitalization: $8,330,000,000
Trading Volume: $6,840,000
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