UNUS SED LEO Price Prediction: LEO/USD Retreats Below $4.05; Watch out for the Next Move
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UNUS SED LEO (LEO) Price Prediction – July 23
The UNUS SED LEO price prediction continues to follow the bearish movement as the price drops below $4.05.
LEO/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $4.50, $5.00, $5.50
Support Levels: $3.50, $3.00, $2.50
LEO/USD is experiencing another unexpected selloff as the market price slides below the 9-day and 21-day moving averages. The coin drops sharply to touch the support of $3.92. However, a reversal may quickly play out, which may send the UNUS SED LEO price above the opening price of $4.05 level.
UNUS SED LEO Price Prediction: LEO Price Could Retreat to Spike Higher
The technical indicator Relative Strength Index (14) reveals that the market movement is ranging. Despite the drop suffered, the technical indicator remains above the 50-level. This could mean that there is still room that may be explored by the bears. Therefore, UNUS SED LEO may continue to follow the downtrend if the market price crosses below the 21-day moving average.
On the upside, recovery may not come easy but any attempt to cross above the upper boundary of the channel may negate the bearish scenario and allow for an extended recovery toward the resistance levels of $4.50, $5.00, and $5.50. However, an increase in selling pressure could force the UNUS SED LEO price to follow a painful path toward the support levels of $3.50, $3.00, and $2.50.
LEO/USD Medium-Term Trend: Ranging (4H Chart)
On the 4-hour chart, the UNUS SED LEO price could slide below the lower boundary of the channel. The chart reveals that the coin couldn’t cross above the moving averages as the market prepares for more downtrends. However, the UNUS SED LEO price is likely to return to the bull market if the 9-day MA crosses above the 21-day MA. Higher resistance could then be located at $4.30 and above.
Moreover, if the price drops below the channel, even $3.90 may not be able to hold the support as the Relative Strength Index (14) nosedives below 60-level. Therefore, LEO/USD is likely to visit the $3.80 and below if the price breaks below the lower boundary of the channel.
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