UNUS SED LEO Price Prediction: LEO/USD Drops Sharply as Price Touches $3.80 Low
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UNUS SED LEO Price Prediction – January 8
The UNUS SED LEO price prediction shows that LEO may recover from the recent low of $3.80 but bulls may have trouble pushing the price to the upside.
LEO/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $4.50, $4.60, $4.70
Support Levels: $3.60, $3.50, $3.40
LEO/USD is trading down by 0.11% at its current price of $4.04. The coin has been moving sideways for the past few days, with the selling pressure sliding toward the lower boundary of the channel. Moreover, where the coin may go next could depend on whether or not bulls can take control of it before it breaks below $3.70 or $3.65.
UNUS SED LEO Price Prediction: LEO May Consolidate
The UNUS SED LEO price is likely to consolidate within the channel before heading to the upside. On the contrary, a clear close below the 9-day and 21-day moving averages could most likely start a strong selling pressure while the next target for the bulls could be above the 9 moving averages at $4.30. Therefore, any more gains could lead the price toward the $4.50, $4.60, and $4.70 resistance levels.
Nevertheless, if the UNUS SED LEO price fails to clear the $4.10 resistance, it could correct lower as the main support could be found below the lower boundary of the channel. Any more losses might call for a test of the $3.70 support level. If the bulls fail to defend this support zone, the price is likely to hit the support levels of $3.60, $3.50, and $3.40.
LEO/USD Medium-Term Trend: Ranging (4H Chart)
On the 4-hour chart, UNUS SED LEO price hovers around $4.04 and may take time to trade above the resistance level of $4.10. However, if the bulls gather enough strength and regroup, the upward movement may be able to near the potential resistance level of $4.20 and above.
On the downside, immediate support could be found below the lower boundary of the channel as the main support level could hit $3.90 and below. Technically, the UNUS SED LEO price is likely to move bullishly as the 9-day moving average may cross above the 21-day moving average, indicating a bullish movement.
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