UNUS SED LEO Price Prediction: LEO/USD May Establish A Low Below $4.00 Support
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UNUS SED LEO Price Prediction – November 13
The UNUS SED LEO price prediction consolidates below the $4.10 barrier and may be doing this for another bullish movement to the $4.20 level.
LEO/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $4.40, $4.50, $4.60
Support Levels: $3.86, $3.76, $3.66
LEO/USD touches the daily high of $4.12 before heading to the downside to create a new low. At the moment, the UNUS SED LEO price may continue to face down by 1.09% in value. It is likely to retain this bearish vibe in the near term if the 9-day moving average crosses below the 21-day moving average. At the time of writing, the price of UNUS SED LEO is hovering at $4.08.
UNUS SED LEO Price Prediction: Could LEO Price Push Higher Again?
According to the daily chart, the UNUS SED LEO price may head to the upside if the bulls resume back into the market. Meanwhile, the nearest support at $4.00 may be tested to the downside as the price consolidates, and failure of the noted support could see the UNUS SED LEO price heading toward the lower boundary of the channel. Therefore, below this barrier is likely to slow down the correction and could serve as a jumping-off ground for another recovery attempt; therefore, if it is out of the way, the support level of $3.86, $3.76, and $3.66 may come into play.
In the meantime, the UNUS SED LEO price may recover from the recent low of $4.02 but the resistance at $4.13 still stands in the way of movements to $4.20. Moreover, LEO/USD is still fighting to correct the subtle bearish movement, and the bullish trend coupled with the right volume and high volatility level is the right ingredient for the recovery to $4.30 in other to resume its upward movement toward $4.40, $4.50, and $4.60 resistance levels.
LEO/USD Medium-term Trend: Ranging (4H Chart)
Looking at the 4-hour chart, LEO/USD is currently trading below the 9-day and 21-day moving averages, and it could cross above this barrier to continue the bullish movement. The UNUS SED LEO price is hovering around $4.08 and may take time to persistently trade above the resistance level of $4.10. In addition, the upward movement may likely touch the resistance level of $4.20 and above if the bulls push higher again.
Meanwhile, on the downside, the price could slide toward the lower boundary of the channel if the bears resume back into the market; therefore, a further bearish movement could hit the critical support at the $3.95 level and below. Moreover, the 9-day MA is still hovering above the 21-day MA, indicating a bullish movement.
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