UNUS SED LEO Price Prediction: LEO/USD Stables Above $3.80 Level
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UNUS SED LEO Price Prediction – October 6
The UNUS SED LEO price prediction shows that LEO is making a gradual process to trade in positive territory, keeping up to 2.14% gains.
LEO/USD Long-term Trend: Bearish (Daily Chart)
Key levels:
Resistance Levels: $4.10, $4.20, $4.30
Support Levels: $3.60, $3.50, $3.40
LEO/USD is currently gaining more than 2.14% overnight and has remained unchanged since the start of the day. The coin has been able to stay above the 9-day and 21-day moving averages and this barrier prevents LEO from dropping below $3.75.
UNUS SED LEO Price Prediction: LEO/USD May More Gains
The UNUS SED LEO price is climbing above the $3.80 resistance as the coin settles above the 9-day and 21-day moving averages. When a new uptrend begins to form, buyers can usually use the moving averages as the closest support level. However, once the red line of the 9-day MA crosses above the green line of the 21-day MA, traders can confirm that the market is staying within the bullish zone.
Moreover, if the market decides to go down, the UNUS SED LEO price may drop below the 9-day and 21-day moving averages at $3.75, and should this support fail to contain the sell-off; we may see a further drop to $3.60, $3.50, and critically $3.40. However, the resistance levels are located at $4.10, $4.20, and $4.30 respectively if the bulls increase the pressure.
LEO/USD Medium-term Trend: Bullish (4H Chart)
Looking at the 4-hour chart, the bears wanted to step back into the market by bringing the UNUS SED LEO price from $3.83 to $3.85, but the bulls quickly held the support by picking the price from there to where it is currently trading at $3.84 which is above the 9-day and 21-day moving averages. Meanwhile, the $4.00 and above may come into play if LEO/USD breaks above the upper boundary of the channel.
However, if the UNUS SED LEO price breaks below the 9-day and 21-day moving averages, the support level of $3.70 and below may be in focus. Meanwhile, if the 9-day MA slides below the 21-day MA, bearish signals may likely play out.
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