UNUS SED LEO Price Prediction: LEO/USD Retreats Below $3.95 Resistance
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UNUS SED LEO Price Prediction – December 11
Today, the UNUS SED LEO price prediction shows that LEO touches the $3.95 level but drops below the 21-day moving average.
LEO/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $4.20, $4.40, $4.60
Support Levels: $3.50, $3.30, $3.10
At the time of writing, LEO/USD is currently losing its balance below the $3.90 level as traders remained jittery about its recent retreat to trade at $3.85. The UNUS SED LEO price drops toward the opening price of $3.80, trading at 1.12% from its opening rate.
UNUS SED LEO Price Prediction: Is there any Expectation?
The UNUS SED LEO price is currently moving sideways but as long as the technical picture remains intact, the bulls could have a fighting chance at reclaiming the support at $3.80. Therefore, traders should note that LEO/USD is holding within the 9-day and 21-day moving averages. This means that the technical health of UNUS SED LEO is currently weak as bulls may lose the market with a serious downward trend.
However, on the downside, any drop below the daily low of $3.80 could open with losses and may increase fast toward the nearest support at $3.60. Moreover, a lower price for UNUS SED LEO is the only way to create support and bring back buyers into the market.
On the upside, a recovery above the daily high of $3.95 level could pave the way for another run-up to $4.20, $4.40, and $4.60 while the support is expected at $3.50, $3.30, and $3.10. Nevertheless, bears have more strength with the 9-day MA hovering below the 21-day MA which could print a bearish session.
LEO/USD Medium-term Trend: Ranging (4H Chart)
According to the 4-hour chart, the UNUS SED LEO price is currently trading around $3.85, likely to cross below the 9-day and 21-day moving averages after falling from $3.95 where the coin touches today. However, from a technical point of view, the trend is in the hands of the sellers.
Nevertheless, the 9-day MA remains above the 21-day MA as the coin may face the upside. However, the traders should look at the possible support level located at $3.60 and below while the resistance level lies at $4.20 and above.
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