UNUS SED LEO Price Prediction: LEO/USD Slides Below $4.0; Could This Be An Entry Point for Buyers?
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UNUS SED LEO Price Prediction – August 15
The UNUS SED LEO price prediction reveals that LEO will begin to form higher as the coin prepares for the bullish movement.
LEO/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $4.30, $4.40, $4.50
Support levels: $3.60, $3.50, $3.40
LEO/USD is moving below the 9-day and 21-day moving averages, but it’s yet to get head to the upside. At the time of writing, the market price is hovering at $3.95 after touching the daily low of $3.93, and it could become lower to allow new investors to come into the market.
UNUS SED LEO Price Prediction: Would LEO/USD Retrace Back to the Top?
The UNUS SED LEO price can make a retracement back above the 9-day and 21-day moving averages if the bulls defend the $3.93 support. However, the coin may begin to follow the upward movement by crossing above the moving averages; any further bullish movement could push the coin toward the upper boundary of the channel to hit the potential resistance levels of $4.30, $4.40, and $4.50 respectively.
On the other hand, the bullish movement could be delayed if bears break below the channel’s lower boundary and fall to the support levels of $3.60, $3.50, and $3.40. Nevertheless, the technical indicator Relative Strength Index (14) is seen hovering below the 50-level, which could prepare the coin for the bullish movement in the next positive direction.
LEO/USD Medium-term Trend: Ranging (4H Chart)
Looking at the 4-hour chart, the UNUS SED LEO price is heading toward the south as the coin moves below the 9-day and 21-day moving averages. However, following this movement, new buyers can come into the market while the existing buyers are to re-invest. Meanwhile, the long-term moving averages could begin the bullish movement as the market prepares for a new trend.
Therefore, if the buyers push the price above the moving averages, it could reach a potential resistance level of $4.05 and above. At the moment, the technical indicator Relative Strength Index (14) is moving sideways below the 50-level, but if the bulls fail to move the current market value upward, the bears could bring the coin to the support level of $3.85 and below.
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